Falling trend continued in the interbank market on Friday as the dollar went up after breaching a psychological level of Rs 57.70 on high corporate demand, analysts said.
Despite the fact that the rupee was recovering its lost ground by the passing of time, but it has not come out of weal spell in the interbank market, they added.
The local currency gained five paisa versus the dollar for buying and selling at Rs 57.69 and Rs 57.71 respectively.
In the coming days, the rupee might not be able to sustain its present levels due to heavy payments ahead of the Federal budget, they opined.
The greenback is still under pressure in the international markets in the absence of guiding factor, said the dealers.
OPEN MARKET RATE: The rupee gained five paisa versus the dollar for buying and selling at Rs 58.25 and Rs 58.35 respectively, moneychangers said.
The single European currency, Euro, jumped with a solid gain of 50 paisa on the buying and selling counters at Rs 71.05 and Rs 71.35 respectively, they added.
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Kerb Buying Rs 58.25
Kerb Selling Rs 58.35
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Friday.
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Buying Rs 57.69
Selling Rs 57.71
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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 0.20 0.40 0.30 0.60 0.38
1-Week 0.90 1.10 1.30 1.50 1.20
2-Week 1.25 1.40 1.50 1.80 1.49
1-Month 1.50 1.70 1.90 2.10 1.80
2-Months 2.00 2.20 2.40 2.60 2.30
3-Months 2.30 2.50 2.70 2.90 2.60
4-Months 2.40 2.60 2.80 3.00 2.70
5-Months 2.40 2.65 2.80 3.00 2.71
6-Months 2.40 2.60 2.90 3.00 2.70
9-Months 2.50 2.70 2.90 3.10 2.80
1-Year 2.70 2.90 3.10 3.30 3.00
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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 0.30 0.50 0.40 0.70 0.48
1-Week 0.90 1.20 1.30 1.50 1.23
2-Week 1.40 1.60 1.80 2.00 1.70
1-Month 1.60 1.70 1.90 2.10 1.83
2-Month 2.10 2.20 2.40 2.50 2.30
3-Month 2.30 2.50 2.70 2.90 2.60
4-Month 2.40 2.60 2.80 3.00 2.70
5-Month 2.40 2.60 2.80 3.00 2.70
6-Month 2.50 2.70 2.90 3.10 2.80
9-Month 2.70 2.90 3.10 3.30 3.00
1-Year 2.90 3.10 3.30 3.50 3.20
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RUPEE IN LAHORE: More gain was registered in the rupee value in relation to the greenback in the local kerb on Friday, picking up 15 paisa for buying at Rs 58.10 and 10 paisa for selling side at Rs 58.25.
According to the currency dealers, the dollar resumed trading at Thursday's closing rates of Rs 58.25 and Rs 58.35 as its buying and selling rates, respectively. With the increase in the dollar's supply due to selling pressure, its rate declined to Rs 58.10 and Rs 58.25 on buying and selling counters, respectively, the dealers added.
On the contrary, the rupee remained under pressure and further lost its worth against the pound sterling. The British currency was purchased at Rs 106.20 and was sold at Rs 106.50 as compared to Thursday's closing of Rs 105.80 and Rs 106.10, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained 30 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 58 (buying) and Rs 58.10 (selling) against last rate of Rs 58.30 (buying) and Rs 58.40 (selling). It did not observe any further change in the second session and closed at Rs 58 (buying) and Rs 58.10 (selling).
Pound sterling opened at Rs 105 (buying) and Rs 105.10 (selling) against last rate of Rs 106 (buying) and Rs 106.20 (selling). British currency did not observe any further change in the evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Canadian dollar opened at Rs 42.50 (buying) and Rs 42.60 (selling) against same previous rate. Canadian currency did not witness any further change in the second spell and closed at Rs 42.50 (buying) and Rs 42.60 (selling).
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