The single European currency gained its strength on recovery of its lost ground in world markets, dealers said.
The dollar also recovered versus the yen on hefty intervention by Bank of Japan, they added. However, it was firmer versus the euro after European Central Bank (ECB) meeting as market participants assumed the output of the meeting was that ECB would tolerate a strong euro.
The rupee maintained its overnight levels in the kerb market versus the dollar for buying and selling at Rs 57.45 and Rs 57.55.
INTERBANK RATES: Heavy pressure on the buying side kept the rupee in the minus column in the interbank market on Friday, which lost four paisa versus the dollar for buying and selling at Rs 57.46 and Rs 57.47, respectively.
Payment requirements by banks forced the rupee to give up its firmness versus the greenback, market players said.
================================
Kerb Buying Rs 57.45
Kerb Selling Rs 57.55
================================
INTERBANK CLOSING RATES: Interbank closing rates for dollar on Friday.
==============================
Buying Rs 57.46
Selling Rs 57.47
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 0.20 1.00 0.40 1.25 0.71
1-Week 0.30 0.60 0.80 1.00 0.68
2-Week 0.50 0.80 0.60 1.20 0.78
1-Month 1.00 1.20 1.40 1.60 1.30
2-Month 1.10 1.30 1.50 1.70 1.40
3-Month 1.20 1.40 1.60 1.80 1.50
4-Month 1.20 1.40 1.60 1.80 1.50
5-Month 1.30 1.50 1.70 1.90 1.60
6-Month 1.40 1.60 1.80 2.00 1.70
9-Month 1.70 1.90 2.10 2.30 2.00
1-Year 1.90 2.00 2.20 2.40 2.13
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 0.30 1.10 0.50 1.30 0.80
1-Week 0.40 0.70 0.90 1.10 0.78
2-Week 0.60 0.90 0.70 1.30 0.88
1-Month 1.10 1.30 1.50 1.70 1.40
2-Month 1.20 1.40 1.60 1.80 1.50
3-Month 1.30 1.50 1.70 1.90 1.60
4-Month 1.30 1.50 1.70 1.90 1.60
5-Month 1.40 1.60 1.80 2.00 1.70
6-Month 1.50 1.70 1.90 2.10 1.80
9-Month 1.80 2.00 2.20 2.40 2.10
1-Year 2.00 2.10 2.30 2.50 2.23
=================================================================
RUPEE IN LAHORE: The rupee registered slight improvement of two-paisa in its value on buying side at Rs 57.55, while remained unchanged on selling side at Rs 57.65 in relation to the greenback in the local currency markets, on Friday.
The dollar's demand and supply situation remained unchanged that provided stability to the local currency.
However, a fractional downward change was observed which caused appreciation to the local currency.
The dollar was closed at Rs 57.55 and Rs 57.65 on buying and selling counters, respectively, as compared to Rs 57.57 and Rs 57.65 of Thursday, the dealers added.
However, the local currency failed to get out of pressure and maintained downward slide against the pound sterling.
The pound's buying rate significantly improved from Rs 103.95 of Thursday to Rs 105.10, and selling rate from Rs 104.20 to Rs 105.50, the dealers added.
They were of the view that pound's appreciation was because of its rising trend in the international market against the greenback.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee was up by 5 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at the buying and selling rates of Rs 57.35 and Rs 57.45 against last rate of Rs 57.40 and Rs 57.50 respectively. It did not witness any further change in the evening session and buying and selling rates closed at Rs 57.35 and Rs 57.45 respectively.
Pound sterling opened at the buying and selling rates of Rs 105 and Rs 105.10 against the overnight value of Rs 103.80 and Rs 103.90 respectively.
It did not witness any further change in the evening session and buying and selling rates closed at Rs 105 and Rs 105.10 respectively.