THE RUPEE: mixed trend

The rupee rates moved both ways on the currency market on Monday in process of high demand of dollars by importers, money experts said. The rupee retrieved its some losses versus dollar, gaining four paisa for buying and selling at 85.76 and 85.81, they said.
INTERBANK MARKET RATES: In the first Asian trade euro dipped after its bounce lost steam ahead of chart resistance, with investors covering short positions in dollar following a slide in the US currency late last week. The euro still held on to the bulk of the gains it made on Friday, when it climbed more than one percent against the greenback for its biggest one-day percentage rise in about a month. The euro was supported after Greek central bank chief George Provopoulos was quoted as saying on Friday that the country will repay its debts in full without restructuring if it sticks to a fiscal austerity plan.
The yuan ended at a record high against dollar on Monday after the People's Bank of China set a new peak for the mid-point for the third straight session, suggesting another leg of appreciation is under way.
Interbank buy/sell rates for taka against dollar on Monday: 73.45/73.52 (previous 73.39/73.49). Call Money Rates: 6.00-10.00 percent (previous 5.00-10.00 percent).
Indian rupee was available at Rs 45.16 versus the dollar, Malaysian ringgit was trading at 3.0160 in terms of the greenback and Chinese yuan was at 6.483 versus the greenback.
OPEN MARKET RATES: Against the interbank market trend, the rupee gave up its gains, losing 30 paisa for buying and selling at 86.10 and 86.30, they added. The rupee lost its value in terms of the euro, shedding Rs 1.47 for buying and selling at Rs 122.67 and Rs 123.17, they said.

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Open Buying     Rs 86.10

Open Selling    Rs 86.30

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

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Buying          Rs 85.76

Selling         Rs.85.81

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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     13.25     13.90       13.50      13.90        13.64

1-Week        12.50     13.35       13.35      13.45        13.16

2-Week        12.75     13.25       13.30      13.35        13.16

1-Month       12.80     13.30       13.25      13.35        13.18

2-Months      12.80     13.25       13.25      13.35        13.16

3-Months      13.00     13.25       13.25      13.35        13.21

4-Months      13.00     13.25       13.30      13.35        13.23

5-Months      13.10     13.35       13.35      13.40        13.30

6-Months      13.25     13.45       13.40      13.50        13.40

9-Months      13.30     13.60       13.60      13.70        13.55

1-Year        13.40     13.65       13.65      13.75        13.61

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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     13.25     13.90       13.45      13.90        13.63

1-Week        12.60     13.45       13.40      13.50        13.24

2-Week        12.80     13.35       13.30      13.40        13.21

1-Month       12.90     13.35       13.30      13.40        13.24

2-Months      13.00     13.40       13.35      13.45        13.30

3-Months      13.10     13.45       13.30      13.50        13.34

4-Months      13.10     13.45       13.40      13.50        13.36

5-Months      13.25     13.50       13.40      13.60        13.44

6-Months      13.30     13.60       13.45      13.65        13.50

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 10 paisa against dollar at Lahore currency market on Monday.
According to dealers, the dollar closed at Rs 86.10 and Rs 86.30 on buying and selling sides against last Saturday's Rs 86.00 and Rs 86.20.
However, rupee-pound parity remained unchanged. The pound was traded at its previous closing of Rs 141.00 and Rs 142.00 as its buying and selling rates, respectively, dealers said.
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 84.60 (buying) and Rs 85.20 (selling) against same last rates. It did not observe further change in the evening session and closed at Rs 84.60 (buying) and Rs 85.20 (selling).
Pound sterling opened at Rs 136.50 (buying) and Rs 137.60 (selling) against same previous rates. It did not witness any change in the evening session and closed at Rs 136.50 (buying) and Rs 137.60 (selling).
Copyright Business Recorder, 2011