Mixed pattern was again seen on the currency market on Monday in process of trading, dealers said. The rupee shed five paisa against dollar for buying at 87.45 and slipped by three paisa for selling at 87.48, they said.
INTERBANK MARKET RATES: In the first Asian trade euro rose, buoyed by a flurry of short-covering after leaders of Germany and France promised a new comprehensive plan by the end of the month to recapitalise euro zone banks.
The meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy offered no details, but drew a pledge to do what is necessary to shore up banks, settle the Greek debt crisis and help growth in Europe, giving a gentle boost to risk sentiment.
Market players, however, remained cautious given the lack of details and since EU leaders have promised several times before to resolve the debt crisis, to no avail. Interbank buy/sell rates for taka against dollar on Monday: 75.48-75.52 (previous 75.48-75.50) Call Money Rates: 6.25-7.75 percent (previous 6.25-7.75 percent).
The yuan ended at a record closing high against dollar on Monday, scoring its biggest daily gain and up more than 30 percent on the US currency since its landmark revaluation in July 2005, as recent worries over dollar liquidity eased. The dollar was trading against the Indian rupee at 49.09 and it was available at 3.1310 in terms of the Malaysian ringgit.
OPEN MARKET RATES: The rupee appreciated by 30 paisa versus dollar for buying and selling at 87.00 and 88.50, they added. The rupee, however, lost 91 paisa in relation to euro for buying at Rs 119.76 and shed 90 paisa for selling at Rs 120.25, they said.
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Open Buying Rs 88.80
Open Selling Rs 88.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Buying Rs.87.45
Selling Rs.87.48
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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 11.90 11.90 11.90 11.90 11.90
1-Week 11.75 11.85 11.80 11.90 11.83
2-Week 11.70 11.80 11.80 11.85 11.79
1-Month 11.70 11.75 11.75 11.80 11.75
2-Months 11.65 11.75 11.80 11.85 11.76
3-Months 11.60 11.75 11.75 11.80 11.73
4-Months 11.60 11.75 11.75 11.80 11.73
5-Months 11.65 11.75 11.80 11.85 11.76
6-Months 11.65 11.75 11.80 11.85 11.76
9-Months 11.70 11.80 11.80 11.85 11.79
1-Year 11.75 11.85 11.85 11.90 11.84
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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 11.90 11.90 11.90 11.95 11.91
1-Week 11.90 12.00 12.00 12.10 12.00
2-Week 11.90 12.00 12.00 12.15 12.01
1-Month 11.80 11.95 11.90 12.10 11.94
2-Months 11.80 11.85 11.85 12.00 11.88
3-Months 11.80 11.90 11.90 11.95 11.89
4-Months 11.80 11.90 11.90 11.95 11.89
5-Months 11.80 11.90 11.90 12.00 11.90
6-Months 11.85 11.95 11.95 12.00 11.94
9-Months 11.90 12.00 12.10 12.25 12.06
1-Year 11.90 12.10 12.10 12.25 12.09
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RUPEE IN LAHORE: The Pak rupee gained 80 paisa on buying side and 40 paisa on selling against the US dollar in Lahore currency market on Monday.
According to dealers, the dollar declined to Rs 88.00 and Rs 88.70 as its buying and selling rates against the last week's Rs 88.80 and Rs 89.10, respectively.
The rupee also rose against British pound. The pound also slid from overnight Rs 138.30 and Rs 139.00 to Rs 137.50 and Rs 138.50 for buying and selling respectively, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the currency markets of Islamabad and Rawalpindi on Monday.
The dollar opened at Rs 88.55 (buying) and Rs 88.65 (selling) against same last rates. It did not observe further change in the second session and closed at Rs 88.55 (buying) and Rs 88.65 (selling).
Pound sterling opened at Rs 137.80 (buying) and Rs 137.90 (selling) against same overnight values. It did not observe further change in the evening session and closed at Rs 137.80 (buying) and Rs 137.90 (selling).
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