The dollar slipped in the world markets, failing to capitalise on Federal Reserve Chairman Alan Greenspan's indication that the previous day that US interest rates would continue to rise, overseas dealers observed.
INTERBANK RATES: The rupee firmly held its overnight levels versus the dollar for buying and selling at 59.37 and 59.39 on comfortable supply of dollars, dealers said.
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Kerb Buying Rs 59.50
Kerb Selling Rs 59.55
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Thursday.
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Buying Rs 59.37
Selling Rs 59.39
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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 0.50 2.00 1.50 3.00 1.75
1-Week 1.25 1.75 2.00 2.75 1.94
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 3.75 4.25 4.50 4.75 4.31
3-Months 4.25 4.75 4.75 5.25 4.75
4-Months 4.30 4.90 5.00 5.50 4.93
5-Months 4.40 5.00 5.10 5.75 5.06
6-Months 4.50 5.00 5.25 5.75 5.13
9-Months 5.00 5.50 5.75 6.25 5.63
1-Year 5.25 5.50 6.00 6.50 5.81
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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 1.00 2.50 2.00 3.00 2.13
1-Week 2.00 2.50 2.75 3.25 2.63
2-Week 3.75 4.00 4.00 4.50 4.06
1-Month 4.00 4.25 4.50 4.75 4.38
2-Month 4.25 4.75 5.00 5.25 4.81
3-Month 4.75 5.25 5.25 5.75 5.25
4-Month 4.80 5.20 5.50 6.00 5.38
5-Month 5.00 5.50 5.75 6.25 5.63
6-Month 5.20 5.50 5.90 6.25 5.71
9-Month 5.50 6.00 6.25 6.75 6.13
1-Year 5.75 6.00 6.75 7.00 6.38
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RUPEE IN LAHORE: The rupee failed to maintain overnight closing levels and lost its worth by five-paisa in relation to the greenback in the local currency markets on Thursday.
According to the currency dealers, the dollar resumed trading at overnight closing rates of Rs 59.45 and Rs 59.55 on buying and selling counters, respectively. With the marginal increase in dollar's demand, its rate moved up and closed higher at Rs 59.50 and Rs 59.60 on buying and selling sides, respectively, the dealers added.
However, the local currency remained strong and marginally improved its worth against the pound sterling. The pound's buying rate declined from Wednesday's closing level of Rs 112.35 to Rs 112.20, while selling rate moved down from Rs 112.70 to Rs 112.60, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar surged by 10 paisa against the rupee at the currency exchange establishments of Islamabad and Rawalpindi on Thursday.
The dollar opened at Rs 59.55 (buying) and Rs 59.65 (selling) against last rate of Rs 59.45 (buying) and Rs 59.55 (selling). It did not observe any further change in the second spell and closed at Rs 59.55 (buying) and Rs 59.65 (selling).
Pound sterling opened at Rs 112.10 (buying) and Rs 112.50 (selling) against same previous rate. It did not observe any change in the second spell and closed at Rs 112.10 (buying) and Rs 112.50 (selling).