In the world markets, the dollar did not show any sign of improvement at the last session of the year versus the leading currencies, dealers said.
Commenting on the starting of the New Year and the era of the World Trade Organisation (WTO), currency analysts feared that the local currency might now face sharp fall versus some currencies of the world.
OPEN MARKET RATES: The local currency shed five paisa against the dollar for buying and selling at 59.70 and 59.80 on slight increase in demand for dollars, dealers said.
The rupee lost 15 paisa versus the single European currency for buying and selling at Rs 80.75 and Rs 81.05 on rising the euro demand in the world markets, they added.
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Kerb Buying Rs 59.70
Kerb Selling Rs 59.80
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Friday.
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Buying Rs 59.42
Selling Rs 59.45
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Repo Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 1.50 4.00 2.00 7.40 3.73
1-Week 3.00 3.25 3.50 3.75 3.73
2-Week 3.25 3.50 3.75 4.00 3.63
1-Month 3.50 3.75 4.00 4.25 3.88
2-Months 3.55 3.80 4.25 4.50 4.03
3-Months 3.75 4.00 4.25 4.50 4.13
4-Months 4.00 4.25 4.50 4.75 4.38
5-Months 4.25 4.50 4.75 5.00 4.63
6-Months 4.75 5.00 5.25 5.50 5.13
9-Months 5.00 5.25 5.50 5.75 5.38
1-Year 5.25 5.50 5.75 6.25 5.69
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Call Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 2.00 4.50 3.00 7.40 4.23
1-Week 3.50 4.00 4.25 4.50 4.06
2-Week 3.50 3.75 4.00 4.25 3.88
1-Month 4.00 4.25 4.50 4.75 4.38
2-Month 4.00 4.25 4.50 4.75 4.38
3-Month 4.25 4.50 4.75 5.00 4.63
4-Month 4.50 4.75 5.00 5.25 4.88
5-Month 4.75 5.00 5.25 5.75 5.19
6-Month 5.25 5.50 5.75 6.00 5.63
9-Month 5.50 5.75 6.00 6.25 5.88
1-Year 5.50 5.75 6.00 6.25 5.88
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RUPEE IN LAHORE: The rupee failed to maintain upward trend and depreciated its value by 15-paisa in relation to the greenback amid sluggish trading trend in the local currency markets on Friday.
According to the currency dealers, the dollar witnessed fresh buying which pushed down the value of local currency. The dollar's rate was moving down for the last few days, which attracted the investors.
The dollar resumed trading at Rs 59.55 and Rs 59.65 as its buying and selling rates, respectively. Following buying support, the dollar continued rising trend throughout the day and finally closed at Rs 59.65 and Rs 59.75 on buying and selling sides, respectively, as compared to Rs 59.50 and Rs 59.60 of Thursday, the dealers added.
On the contrary, the local currency maintained its overnight closing level on buying side at Rs 114.30, while showed strength on selling side at Rs 114.80. The British currency was purchased at Rs 114.30 and sold at Rs 114.80, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency market of twin cities of Islamabad and Rawalpindi on Friday.
The dollar opened at Rs 57.70 (buying) and Rs 57.80 (selling) against the same last rate. It did not observe any further change in the last trading hours and closed at Rs 57.70 (buying) and Rs 57.80 (selling).
Pound sterling opened at Rs 114.50 (buying) and Rs 114.60 (selling) against the same overnight value. It did not observe any further change in the evening session and closed at Rs 114.50 (buying) and Rs 114.60 (selling).