The "spot-market" opened with the greenback changing hands in the range of Rs 57.41 and Rs 57.43 as respective buying and selling rates.
In the morning session, buying pressure from the greenback pushed the dollar up by 2.0 paisa up in bid and offer at Rs 57.43 and Rs 57.45.
However by the end of trading session the Pak rupee recovered marginally 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 -2.0 paisa and -0.75 paisa.
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DAILY FOREX REPORT Wednesday (January 07, 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 57.35 57.37 57.35 57.37 57.33 57.36 57.33 57.36 57.33 57.37 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 -2.00 -7.50 -8.00 -6.00 -8.00 -6.00 -10.00 -7.00 -10.00 -7.00 -10.00 -8.00 -10.00 -8.00
% Bid -0.06 1.00 -0.82 -5.81 -0.69 -0.27 0.15 0.36 0.29 0.51 0.47 0.63 0.53 0.66 0.65 0.72
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