The "spot-market" opened with the greenback changing hands in the range of Rs 57.42 and Rs 57.44 as respective buying and selling rates.
In the early hours scattered demand for the US dollar marginally eroded the value of the Pak rupee at Rs 57.43 and Rs 57.45.
However by the end of trading session the local currency recovered the earlier losses as the market closed unchanged at Rs 57.42 and Rs 57.44 as respective buying and selling rates.
In swap transactions, prices in all the tenures remained unchanged. 1-week swap was dealt in the range of -1.75 paisa and -0.75 paisa.
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DAILY FOREX REPORT Tuesday (January 06, 2004)
SBP US $/PKR Parity: 46.00/.23
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US $/PKR Ready 1 Wk 1M 2M 3M 4M 5M R/6M
Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer
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Outright 57.42 57.44 57.42 57.44 57.36 57.38 57.35 57.37 57.34 57.36 57.34 57.36 57.34 57.36 57.33 57.35
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SWAP
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O/N R/1 WK R/1 M R/2 M R/3 M R/4 M R/5 M R/6 M
Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer
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Paisa -0.50 0.00 -1.75 -7.50 -7.00 -5.00 -8.00 -6.00 -9.00 -7.00 -9.00 -7.00 -9.00 -7.00 -10.00 -8.00
% Bid -0.06 1.00 -0.59 -5.81 -0.48 -0.08 0.15 0.36 0.36 0.51 0.52 0.63 0.62 0.70 0.65 0.72
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