KARACHI (February 09 2010): Mixed pattern were witnessed on the local money market on Monday as the rupee gained slightly against dollar on the interbank market but on the other hand it fell sharply versus the US currency due to strong demand, dealers said. The rupee was up by four paisa in relation to dollar for buying at 84.94 and it was higher by five paisa for selling at 84.97, they said.

In the first Asian trade euro and growth-linked currencies were on slippery ground as risk appetite was subdued on the back of mounting fiscal worries in the euro zone and lingering concerns about a global tax on banks. Traders said investors were sceptical of the Group of Seven's reassurance on Greece and every move up by the euro was being used as a selling opportunity.

OPEN MARKET RATES: The rupee, however, lost 30 paisa in terms of dollar for buying and selling at 86.50 and 86.70, dealers said. But, the rupee retained its firmness against euro, picking up 80 paisa against for buying and selling at Rs 117.85 and Rs 118.35, they added.

============================== Buying Rs 84.94 Selling Rs 84.97 ==============================

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

============================== Open Buying Rs 86.50 Open Selling Rs.86.70 ============================== ================================================================= Repo Rates (Yield p a) ----------------------------------------------------------------- Tenor Low Bid High Bid Low Offer High Offer Average ================================================================= Overnight 11.75 12.40 11.80 12.10 12.01 1-Week 11.60 12.00 11.90 12.10 11.90 2-Week 11.65 11.95 11.90 12.05 11.89 1-Month 11.65 11.95 11.90 12.05 11.89 2-Months 11.70 11.90 11.95 12.05 11.90 3-Months 11.75 11.95 11.95 12.05 11.93 4-Months 11.80 12.00 12.00 12.10 11.98 5-Months 11.80 12.00 12.00 12.10 11.98 6-Months 11.80 12.00 12.00 12.10 11.98 9-Months 11.85 12.00 11.95 12.15 11.99 1-Year 11.90 12.00 12.00 12.10 12.00 ================================================================= Call Rates (Yield p a) ----------------------------------------------------------------- Tenor Low Bid High Bid Low Offer High Offer Average ================================================================= Overnight 11.80 12.40 11.90 12.40 12.13 1-Week 11.75 12.10 12.00 12.20 12.01 2-Week 11.85 12.10 12.00 12.15 12.03 1-Month 11.90 12.10 12.00 12.15 12.04 2-Months 11.90 12.10 12.10 12.20 12.08 3-Months 11.95 12.20 12.10 12.25 12.13 4-Months 12.00 12.20 12.15 12.25 12.15 5-Months 12.00 12.25 12.10 12.30 12.16 6-Months 12.00 12.25 12.15 12.30 12.18 9-Months 12.10 12.25 12.20 12.30 12.21 1-Year 12.15 12.30 12.25 12.40 12.28 =================================================================
RUPEE IN LAHORE: The Pak rupee opened on a depressed note and further declined by 20-paisa against the US dollar in the open currency market on Monday. According to the currency dealers, the dollar took start with healthy sign and showed strength throughout the day.

At the end of trading, the dollar was closed at Rs 86.90 and Rs 87.20 as its buying and selling rates against the Saturday closing of Rs 86.70 and Rs 87.00, respectively. However, the rupee continued rising trend last week and further improved against pound sterling. The pound's buying and selling rates were declined to Rs 135.50 and Rs 136.50 respectively as compared to previous closing at Rs 136.00 and Rs 137.00, respectively, the dealers added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar-rupee parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Monday. The dollar opened at Rs 86.25 (buying) and Rs 86.35 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 86.25 (buying) and Rs 86.35 (selling). Pound Sterling opened at Rs 134 (buying) and Rs 135 (selling) against same previous rate. It did not observe further change in the evening session and closed at Rs 134 (buying) and Rs 135 (selling).

Copyright Business Recorder, 2010