According to the market sources the rupee after maintaining firm trend for the long time, lost its firmness on Tuesday due to rising demand by the importers. But the rupee moved slightly in the plus column because of higher trend in the inflows.
OPEN MARKET RATES: The rupee followed same trend versus the dollar, gaining five paisa for buying and selling at 60.00 and 60.05, respectively.
The rupee slipped versus the euro, dropping 65 paisa for buying and selling at Rs 72.05 and Rs 72.15 on rising its value in the overseas market, respectively.
The dollar fell in the world markets on negative trend in the US consumer confidence data, dealers said.
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Kerb Buying Rs 60.00
Kerb Selling Rs 60.05
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Thursday.
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Buying Rs 59.71
Selling Rs 59.73
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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 8.50 8.90 8.75 8.95 8.78
1-Week 8.25 8.40 8.60 8.70 8.49
2-Week 8.25 8.40 8.50 8.60 8.44
1-Month 8.30 8.40 8.35 8.50 8.39
2-Months 8.25 8.40 8.40 8.50 8.39
3-Months 8.20 8.35 8.35 8.45 8.34
4-Months 8.25 8.40 8.35 8.55 8.39
5-Months 8.25 8.40 8.35 8.60 8.40
6-Months 8.25 8.40 8.40 8.60 8.41
9-Months 8.25 8.50 8.50 8.65 8.48
1-Year 8.45 8.60 8.70 8.80 8.64
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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 9.00 9.75 9.25 10.00 9.50
1-Week 8.40 8.75 8.60 8.80 8.64
2-Week 8.40 8.75 8.60 9.00 8.69
1-Month 8.40 9.00 8.75 9.50 8.91
2-Months 8.50 9.25 8.75 9.75 9.06
3-Months 8.60 9.50 9.00 9.75 9.21
4-Months 8.65 9.60 9.00 10.00 9.31
5-Months 8.70 9.75 9.00 10.00 9.36
6-Months 8.75 9.75 9.00 10.00 9.38
9-Months 8.80 9.75 9.25 10.00 9.45
1-Year 8.80 9.80 9.35 10.20 9.54
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RUPEE IN LAHORE: The rupee remained firm, as it improved its worth by 10-paisa on buying side at Rs 59.85 and 5-paisa on selling side at Rs 60.00 in relation to the greenback in the local currency markets on Wednesday.
According to the currency dealers, the dollar could not sustain due to contraction in its demand, which help the local currency improve its worth. The dollar resumed trading at Rs 59.95 and Rs 60.05 on buying and selling counters, respectively. Due to lacking buying support, the dollar moved down and closed at Rs 59.85 and Rs 60.00 on buying and selling sides, respectively, as against Rs 59.95 and Rs 60.05 of Tuesday, the dealers added.
Likewise, the Pak rupee appreciated its value against the pound sterling. The British pound was purchased at Rs 105.40 and was sold at Rs 105.70 as compared to Rs 105.40 and Rs 105.80 of Tuesday, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rates of dollar against the rupee remained unchanged at the open currency markets of Islamabad and Rawalpindi on Wednesday.
The dollar opened at Rs 59.90 (buying) and Rs 60 (selling) against same previous rate. It did not observe any further change in the second spell and closed at Rs 59.90 (buying) and Rs 60 (selling).
Pound sterling opened at Rs 105.30 (buying) and Rs 106 (selling) against same previous rate. It did not observe any further change in the evening session and closed at Rs 105.30 (buying) and Rs 106 (selling).