THE RUPEE: dollar lower

Steady trend was seen on the currency market on Monday as the rupee managed to recover some ground versus dolalr, dealers said. The rupee rose by 13 paisa versus dollar for buying at 84.55 and it also picked up 10 paisa for selling at 84.60, they said.
INTERBANK MARKET RATES: In the first Asian trade US dollar rebounded from a three-year low against a basket of currencies on Monday as news that a US-led operation had killed al Qaeda leader Osama bin Laden prompted short-covering in a heavily-sold greenback, though traders think any impact will be temporary. The currency was due for a corrective rebound, dealers said, with players having sold dollar against pretty much everything from euro and commodity currencies to oil and precious metals for the past few weeks.
Interbank buy/sell rates for taka against dollar on Monday: 72.94/73.00 (previous 72.89/72.98) Call Money Rates: 4.00-8.50 percent (previous 5.00-7.00 percent)
The Indian rupee eased on demand for dollars from oil refiners and tracking euro's drop against the US unit, and traders said the market should be range-bound ahead of the central bank's policy on Tuesday. At 11:17 am (0547 G MT), the partially convertible rupee was at 44.3125/3175 per dollar, 0.2 percent weaker than its previous close of 44.21/22.
OPEN MARKET RATES: The rupee lost five paisa against dollar for buying at 84.50 while maintained its weekend level for selling at 84.65, they added. The rupee, however, lost 38 paisa in relation to euro for buying and selling at Rs 124.78 and Rs 125.28, they said.

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Open Buying     Rs 84.50

Open Selling    Rs 84.65

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.

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Buying          Rs.84.55

Selling         Rs.84.60

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Repo Rates (Yield p a)

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Tenor       Low Bid   High Bid   Low Offer   High Offer   Average

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Overnight     11.10     13.25       11.15       13.50       12.25

1-Week        11.50     12.80       12.60       12.90       12.45

2-Week        11.60     12.85       12.75       12.90       12.53

1-Month       11.75     12.85       12.80       12.90       12.58

2-Months      12.40     13.10       13.00       13.15       12.91

3-Months      12.90     13.15       13.15       13.20       13.10

4-Months      13.00     13.25       13.30       13.35       13.23

5-Months      13.20     13.35       13.35       13.40       13.33

6-Months      13.35     13.50       13.45       13.55       13.46

9-Months      13.40     13.60       13.50       13.65       13.54

1-Year        13.45     13.60       13.55       13.65       13.56

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Call Rates (Yield p a)

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Tenor       Low Bid   High Bid   Low Offer   High Offer   Average

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Overnight     11.10     13.25       11.15       13.50       12.25

1-Week        12.00     12.90       12.70       13.00       12.65

2-Week        12.20     12.90       12.75       13.00       12.71

1-Month       12.50     12.95       12.85       13.10       12.85

2-Months      13.00     13.20       13.20       13.30       13.18

3-Months      13.10     13.30       13.30       13.40       13.28

4-Months      13.25     13.50       13.40       13.60       13.44

5-Months      13.40     13.60       13.45       13.65       13.53

6-Months      13.45     13.65       13.55       13.75       13.60

9-Months      13.50     13.70       13.60       13.75       13.64

1-Year        13.50     13.75       13.60       13.90       13.69

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RUPEE IN LAHORE: The rupee lost 5 paisa in relation to dollar at the currency market of Lahore on Monday.
The dollar resumed trading at Rs 84.45 (buying) and Rs 84.60 (selling) and closed at Rs 84.50 (buying) and Rs 84.65 (selling). According to dealers, the dollar was firm due to surge in its demand.
However, pound remained unchanged at Rs 140.50 and Rs 141.00 for buying and selling, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained unchanged against rupee at the currency markets of Islamabad and Rawalpindi on Monday.
The dollar resumed trading at Rs 84.70 (buying) and Rs 85.20 (selling) against same last rates. It did not observe further change in the evening session and closed at Rs 84.70 (buying) and Rs 85.20 (selling).
Pound sterling opened at Rs 136.15 (buying) and Rs 137.15 (selling) against same previous rates. It did not witness any change in the evening session and closed at Rs 136.15 (buying) and Rs 137.15 (selling).
Copyright Business Recorder, 2011