The rupee fell in relation to dollar on the currency market on Thursday, dealers said. The rupee dropped by 15 paisa in relation to dollar for buying at 87.65 and lost 13 paisa for selling at 87.67, they said.
INTERBANK MARKET RATES: In the fourth Asian trade euro stayed near seven-week lows against dollar, having suffered a steep fall after a "disastrous" German bond sale fuelled fears the region's debt crisis was beginning to threaten even Europe's biggest economy.
Although euro bounced back slightly in Asia on short-covering, bringing other risk currencies higher with it, market players see the currency staying under pressure as tensions in the currency bloc showed no sign of abating. The dollar was trading versus the Indian rupee at Rs 52.15, the US currency was 3.1850 against the Malaysian ringgit and the greenback was at 6.3635 in terms of the Chinese yuan.
OPEN MARKET RATES: The rupee extended its fall against dollar, slipping 20 paisa for buying and selling at Rs at 87.60 and 87.80, they said. The rupee continued its rise versus euro, gaining 63 paisa for buying and selling at Rs 116.73 and Rs 117.23, they said.
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Open Buying Rs 87.65
Open Selling Rs 87.67
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Buying Rs 87.60
Selling Rs 87.80
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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 11.90 11.90 11.90 11.95 11.91
1-Week 11.70 11.80 11.85 11.90 11.81
2-Week 11.70 11.75 11.80 11.85 11.78
1-Month 11.65 11.75 11.75 11.85 11.75
2-Months 11.65 11.75 11.75 11.85 11.75
3-Months 11.65 11.75 11.75 11.85 11.75
4-Months 11.65 11.75 11.75 11.85 11.75
5-Months 11.65 11.75 11.75 11.85 11.75
6-Months 11.65 11.80 11.80 11.85 11.78
9-Months 11.70 11.80 11.80 11.85 11.79
1-Year 11.75 11.85 11.85 11.90 11.84
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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 11.90 11.95 11.90 11.95 11.93
1-Week 11.75 11.90 11.85 12.00 11.88
2-Week 11.75 11.90 11.85 12.00 11.88
1-Month 11.70 11.90 11.85 12.00 11.86
2-Months 11.75 11.90 11.85 12.00 11.88
3-Months 11.80 11.90 11.90 11.95 11.89
4-Months 11.80 11.90 11.90 11.95 11.89
5-Months 11.80 11.90 11.90 12.00 11.90
6-Months 11.85 11.95 11.95 12.00 11.94
9-Months 11.85 12.00 12.00 12.10 11.99
1-Year 11.90 12.00 12.10 12.15 12.04
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RUPEE IN LAHORE: The Pak rupee maintained downward slide and further lost 5- paisa on buying side and 20-paisa on selling side against the dollar in the local currency market on Thursday.
According to the currency dealers, the dollar commenced trading at Wednesday closing of Rs 87.35 and Rs 87.60, as its buying and selling rates. Because of fresh demand, the dollar registered gain and was closed higher at Rs 87.40 and Rs 87.80 on buying and selling counters, respectively.
However, the rupee remained unchanged on buying side while it gained strength on selling side in relation to the pound sterling. The pound was purchased and sold at Rs 136.00 and Rs 136.80, as compared to day earlier closing of Rs 136.00 and Rs 137.00, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 87.60 (buying) and Rs 88.05 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 87.60 (buying) and Rs 88.05 (selling).
Pound Sterling opened at Rs 137.80 (buying) and Rs 137.90 (selling) against the overnight value. It did not observe further change in the evening session and closed at Rs 137.80 (buying) and Rs 137.90 (selling).
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