THE RUPEE: dollar down

The rupee moved up on the currency market on Tuesday during the smooth supply of dollars, dealers said. The rupee maintained firm trend versus the US currency, gaining seven paisa for buying at 86.40 and rose by six paisa for selling at 86.45, they said.
INTERBANK MARKET RATES: In the second Asian trade Swiss franc surged to an all-time high against euro as investors' confidence was shattered by extended falls in share prices, prompting them to flock to safe haven currencies. The yen advanced while dollar strengthened versus commodity currencies as Wall Street's biggest sell-off since December 2008 prompted a massive flight to safety, but wariness over possible intervention made investors cautious about testing yen to record high levels.
Risk-related currencies found some respite after Asian bourses bounced off intraday lows with Tokyo's stock market trimming losses to 1.7 percent from more than four percent and Seoul shares recouping more than a half of more than eight percent intraday falls.
Indian rupee was trading at Rs 44.97 versus dollar, Malaysian ringgit was at 3.0440 in terms of the greenback and Chinese yuan was at 6.4414 in relation to the US currency.
OPEN MARKET RATES: The rupee stayed put against the US currency for buying and selling at 86.15 and 86.35, they added. The rupee managed to gain in relation to euro, rising 81 paisa for buying at Rs 122.53 and rose by 80 paisa for selling at Rs 123.03, they said.

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Open Buying     Rs 86.15

Open Selling    Rs 86.35

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

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Buying          Rs.86.40

Selling         Rs.86.45

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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    10.60      11.00       10.65       11.25       10.88

1-Week       12.25      12.60       12.50       12.75       12.53

2-Week       12.50      12.70       12.70       12.80       12.68

1-Month      12.80      13.00       13.00       13.10       12.98

2-Months     12.90      13.00       13.10       13.15       13.04

3-Months     12.95      13.10       13.10       13.20       13.09

4-Months     13.00      13.15       13.15       13.20       13.13

5-Months     13.00      13.20       13.20       13.30       13.18

6-Months     13.00      13.20       13.20       13.30       13.18

9-Months     13.10      13.25       13.25       13.35       13.24

1-Year       13.15      13.30       13.30       13.40       13.29

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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    10.60      11.00       10.70       11.25       10.89

1-Week       12.40      12.70       12.60       12.80       12.63

2-Week       12.50      12.70       12.75       12.85       12.70

1-Month      12.75      13.05       13.10       13.15       13.01

2-Months     12.90      13.25       13.20       13.30       13.16

3-Months     13.05      13.25       13.20       13.30       13.20

4-Months     13.10      13.30       13.25       13.35       13.25

5-Months     13.10      13.30       13.30       13.35       13.26

6-Months     13.15      13.35       13.30       13.40       13.30

9-Months     13.15      13.35       13.35       13.40       13.31

1-Year       13.15      13.40       13.40       13.50       13.36

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RUPEE IN LAHORE: The rupee was unchanged on buying side and gained 10 paisa on selling side in relation to dollar on Lahore currency market on Tuesday.
According to dealers, the dollar was purchased and sold at Rs 86.00 and Rs 86.20 as compared to overnight Rs 86.00 and Rs 86.30, respectively. Similarly, the rupee improved against pound sterling. The pound's buying rate remained unchanged at Rs 140.70 while its selling rate was declined from Rs 142.00 to Rs 141.50, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the currency markets of Islamabad and Rawalpindi on Tuesday. The dollar opened at Rs 86.00 (buying) and Rs 86.35 (selling) against same last rates. It did not observe further change in the second session and closed at Rs 86.00 (buying) and Rs 86.35 (selling). Pound sterling opened at Rs 138.35 (buying) and Rs 138.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 138.35 (buying) and Rs 138.50 (selling).
Copyright Business Recorder, 2011