Meanwhile in money markets, surplus liquidity remained mostly unchanged at Rs 6.6 Bn yesterday as call money and repo rates remained stagnant at levels of 10.55% and 9.56% respectively. Furthermore an amount of Rs 1.041 Bn was mopped up from the system on an overnight basis at a weighted average of 9.43%, by Central bank through its Open Market Operations (OMO).
The rupee edged down marginally to Rs 132.35 yesterday due to continued demand for contracts value cash (23/8/12) and tom (24/8/12) as volumes traded remained high. Some of the forward dollar rates that prevailed in the market are 1 Month – 133.65; 3 Months- 136.25 and 6 Months- 139.80. (Source: Wealth Trust Securities)