THE RUPEE: dollar moves both ways

Rates moved both ways on the currency market on Monday in process of trading, dealers said. The rupee inched up versus dollar, gaining five paisa for buying and selling at 87.45 and 87.50, they said.
INTERBANK MARKET RATES: In the first Asian trade euro dived to a seven-month low against US dollar and a 10-year trough versus yen, falling below key technical levels and option barriers on worries that the euro zone's support for Greece is wobbling and that the country may be forced to default on its debt.
The Australian dollar, sometimes seen as a barometer of market players' risk appetite, tumbled 1.5 percent in Asia to a three-week low, below its 200-day moving average, as investors fret that the global economy will be dealt a severe blow if the euro zone's debt woes deepen. Interbank buy/sell rates for taka against dollar on Monday: 74.30/74.45 (previous 74.20-74.32) Call Money Rates: 6.50-10.00 percent (previous 6.00-12.00 percent).
The dollar was trading versus the Indian at Rs 46.56, the US currency was available at 3.0250 in relation to the Malaysian ringgit and the greenback was at 6.3880 in terms of the Chinese yuan.
OPEN MARKET RATES: The rupee, however, lost 10 paisa against dollar for buying at 87.60 and selling at 87.80, they added. The rupee picked up 11 paisa in terms of euro for buying and selling at Rs 119.24 and Rs 119.74, they said.

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Open Buying     Rs 87.60

Open Selling    Rs 87.80

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

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Buying          Rs 87.45

Selling         Rs.87.50

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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    12.90      13.40      13.10        13.40       13.20

1-Week       13.10      13.20      13.20        13.30       13.20

2-Week       13.10      13.20      13.25        13.30       13.21

1-Month      13.00      13.15      13.20        13.30       13.16

2-Months     13.00      13.15      13.20        13.30       13.16

3-Months     13.00      13.15      13.25        13.30       13.18

4-Months     13.00      13.20      13.25        13.30       13.19

5-Months     13.00      13.20      13.25        13.30       13.19

6-Months     13.05      13.20      13.25        13.30       13.20

9-Months     13.15      13.25      13.35        13.40       13.29

1-Year       13.20      13.30      13.35        13.40       13.31

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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    13.00      13.40      13.10        13.45       13.24

1-Week       13.15      13.25      13.25        13.30       13.24

2-Week       13.15      13.25      13.25        13.30       13.24

1-Month      13.05      13.20      13.25        13.30       13.20

2-Months     13.05      13.25      13.30        13.35       13.24

3-Months     13.05      13.25      13.30        13.35       13.24

4-Months     13.10      13.25      13.30        13.35       13.25

5-Months     13.10      13.30      13.30        13.40       13.28

6-Months     13.10      13.35      13.30        13.40       13.29

9-Months     13.15      13.35      13.40        13.40       13.33

1-Year       13.20      13.45      13.40        13.45       13.38

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RUPEE IN LAHORE: The rupee opened the weak on a positive note, as it appreciated its worth 5-paisa on buying side (Rs 87.55) and 15-paisa on selling side (Rs 87.85) in relation to the green back at the open currency markets of Lahore. According to brokers, the dollar opened at Rs 87.65 and Rs 88.05 on buying and selling counters, respectively, against Rs 87.60 and Rs 88.00 of Saturday. In the wake of less demand, the dollar observed change in the second session and closed at Rs 87.55 and Rs 87.85 as it's buying and selling rates, respectively.
Pound Sterling opened at Rs 140.00 and Rs 141.10 on buying and selling counters, respectively. At the closing, the pound was purchased and sold at Rs 139.80 and Rs 140.80, respectively, as against Rs 140.00 and Rs 140.80 of Saturday, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Monday.
The dollar opened at Rs 87.05 (buying) and Rs 87.25 (selling) against last week's rate. It did not observe further change in the second session and closed at Rs 87.05 (buying) and Rs 87.25 (selling).
Pound Sterling opened at Rs 138.45 (buying) and Rs 138.60 (selling) against same overnight value. British currency did not observe further change in the evening session and closed at Rs 138.45 (buying) and Rs 138.60 (selling).
Copyright Business Recorder, 2011