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  • Feb 20th, 2004
  • Comments Off on Crescent Capital Management (Pvt) Ltd: daily foreign exchange report
Stability prevailed in the Interbank Forex Market with the Pak rupee having an edge over the greenback during the day.

The "spot" market opened with the US dollar changing hands in the range of Rs 57.34 and Rs 57.36 as respective buying and selling rates.

Smooth inflow of greenback in the market kept the local currency atop of the US dollar gaining 2.0 paisa each in bid and offer at Rs 57.32 and Rs 57.34.

By end of the day the Pak rupee advanced by 2.0 paisa more versus the dollar amid slim demand in the market at Rs 57.30 and Rs 57.32 as respective buying and selling rates.

In swap transactions, prices in tenures fell sharply owing to surplus liquidity in the money market. 1-month swap was dealt in the range of -7.0 paisa and -4.0 paisa.





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DAILY FOREX REPORT Thursday (February 19, 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 57.30 57.32 57.30 57.32 57.24 57.27 57.21 57.24 57.19 57.23 57.17 57.22 57.16 57.22 57.16 57.22

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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 -3.00 0.00 -7.00 -4.00 -10.00 -7.00 -12.00 -8.00 -14.00 -9.00 -15.00 -9.00 -15.00 -9.00

% Bid -2.18 1.00 -1.73 1.00 -0.49 0.15 0.06 0.26 0.15 0.43 0.26 0.52 0.36 0.62 0.47 0.68

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Copyright Business Recorder, 2004


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