The euro recovered its overnight losses, gaining 40 paisa for buying and selling at Rs 77.40 and Rs 77.70 on slight improvement in its demand in the overseas markets, dealers said
In the world market, range-bound trading was seen in the US currency as it moved in a narrow band ahead of the Federal Reserve interest rate decision and the gathering of Group of Seven finance ministers and central bankers late in the week, dealers said.
INTERBANK RATES: Firmness prevailed in the interbank market as the rupee almost maintained its levels for buying at Rs 59.34 and for selling at Rs 59.38, marketmen said.
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Kerb Buying Rs 59.35
Kerb Selling Rs 59.40
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Tuesday.
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Buying Rs 59.34
Selling Rs 59.38
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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 1.00 2.00 1.50 2.50 1.75
1-Week 3.25 3.50 4.00 4.25 3.75
2-Week 3.50 3.75 4.00 4.50 3.94
1-Month 4.25 4.50 4.75 4.90 4.60
2-Months 4.40 4.60 4.80 5.00 4.70
3-Months 4.50 4.70 5.00 5.25 4.86
4-Months 4.75 4.90 5.20 5.40 5.06
5-Months 4.90 5.10 5.40 5.60 5.25
6-Months 5.25 5.50 5.70 5.90 5.59
9-Months 5.40 5.60 5.75 6.00 5.69
1-Year 5.75 6.00 6.25 6.50 6.13
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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 3.00 3.00 4.00 3.00
1-Week 4.50 4.75 5.25 5.50 5.00
2-Week 4.75 5.00 5.50 5.75 5.25
1-Month 4.90 5.10 5.60 5.80 5.35
2-Month 5.00 5.25 5.70 5.90 5.46
3-Month 5.75 6.00 6.25 6.50 6.13
4-Month 5.85 6.10 6.40 6.70 6.26
5-Month 6.00 6.25 6.50 6.80 6.39
6-Month 6.20 6.40 6.70 7.00 6.58
9-Month 6.25 6.50 6.75 7.00 6.63
1-Year 6.50 6.75 7.00 7.25 6.88
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RUPEE IN LAHORE: The rupee marginally declined by five paisa in relation to the greenback in the local currency markets on Tuesday.
According to currency dealers, the dollar resumed trading at overnight closing levels of Rs 59.30 and Rs 59.40 on buying and selling counters, respectively. However, soon after resumption of trading, the dollar started moving up following fresh buying, and finally closed higher at Rs 59.35 and Rs 59.45 on buying and selling sides, respectively, the dealers said.
On the contrary, the local currency maintained upward slide and improved its worth against the pound sterling. The pound's buying rate declined from Rs 112.00 to Rs 111.70, while selling rate moved down from Rs 112.25 to Rs 112.10, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 10 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi on Tuesday.
The dollar opened at Rs 59.25 (buying) and Rs 59.35 (selling) against last rate of Rs 59.15 (buying) and Rs 59.25 (selling). It did not observe any further change in the evening session and closed at Rs 59.25 (buying) and Rs 59.35 (selling).
Pound sterling opened at Rs 111.80 (buying) and Rs 111.90 (selling) against same overnight value. British currency did not observe any change in the second spell and closed at Rs 111.80 (buying) and Rs 111.90 (selling).
Euro opened at Rs 77.30 (buying) and Rs 77.50 (selling) in the morning session. did not observe any change in the second spell and closed at Rs 77.30 (buying) and Rs 77.50 (selling).