Minor changes were seen on the currency market on Saturday in process of trading, experts said. The rupee shed three paisa versus dollar for buying 84.27 and slipped by two paisa for selling at 84.30, they said.
INTERBANK MARKET RATES: All the commercial centres were closed in New York on Friday due to good Friday, in the meantime, according to an analysis, for years, US Treasury secretaries parroted a line that America was committed to a strong dollar policy. But as the greenback slides close to all-time lows, President Barack Obama's administration has been noticeably quiet.
Treasury Secretary Tim Geithner last used "strong dollar" language in November, and a glance through his speeches and news databases shows he has had almost nothing to say on the matter since.
OPEN MARKET RATES: The rupee gained five paisa versus dollar for buying at 84.30 while it was unchanged for selling at 84.50, they added. The rupee recovered in terms of euro, rising by 20 paisa for buying and selling at Rs 122.15 and Rs 122.65, they said.
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Open Buying Rs 84.30
Open Selling Rs 84.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Saturday.
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Buying Rs 84.27
Selling Rs 84.30
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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 11.05 12.00 11.10 12.10 11.56
1-Week 11.50 12.45 12.40 12.50 12.21
2-Week 11.60 12.70 12.70 12.80 12.45
1-Month 11.90 12.85 12.90 13.00 12.66
2-Months 12.40 13.10 13.10 13.20 12.95
3-Months 12.90 13.20 13.20 13.25 13.14
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 12.00 11.15 12.25 11.63
1-Week 12.25 12.60 12.60 12.75 12.55
2-Week 12.40 12.80 12.75 12.90 12.71
1-Month 12.70 13.00 12.90 13.15 12.94
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 Pak rupee continued rising trend and further appreciated five-paisa in its worth against the dollar in the open currency market on Saturday.
According to the currency dealers, the dollar could not get out of pressure and further declined against the rupee. The dollar was closed lower at Rs 84.25 and Rs 84.45 on buying and selling sides against the Friday closing of Rs 84.30 and Rs 84.50, respectively.
Similarly, the rupee showed stability and remained unchanged on buying side, while it was improved on selling side in relation to the pound sterling. The pound was traded at Rs 138.30 and Rs 138.70, as compared to overnight closing of Rs 138.30 and Rs 139.00, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained unchanged against the rupee at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar resumed trading at Rs 85.15 (buying) and Rs 85.50 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 85.15 (buying) and Rs 85.50 (selling).
Pound Sterling opened at Rs 136.35 (buying) and Rs 137.55 (selling) against the previous rate. It did not witness any change in the evening session and closed at Rs 136.35 (buying) and Rs 137.55 (selling).
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