The rupee gained five paisa versus the dollar for buying at 59.75 while it maintained its last level for selling at 59.85, dealers at money market said.
In the overseas markets, the dollar firmly held its steadier trend on expectations of rise in the US interest rates, they added.
OPEN MARKET RATES: INTER-BANK RATES: The rupee shed one paisa against the dollar for buying and selling at 59.71 and 59.72 in process of trading, marketmen said.
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Kerb Buying Rs 59.75
Kerb Selling Rs 59.85
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Tuesday.
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Buying Rs 59.71
Selling Rs 59.72
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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 8.90 8.76
1-Week 8.40 8.75 8.60 8.90 8.66
2-Week 8.30 8.50 8.50 8.75 8.51
1-Month 8.25 8.40 8.40 8.60 8.41
2-Months 8.30 8.40 8.40 8.50 8.40
3-Months 8.30 8.50 8.45 8.60 8.46
4-Months 8.35 8.50 8.50 8.65 8.50
5-Months 8.40 8.50 8.50 8.70 8.53
6-Months 8.50 8.60 8.60 8.75 8.61
9-Months 8.50 8.65 8.65 8.75 8.64
1-Year 8.55 8.70 8.75 8.85 8.71
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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 9.50 9.50 10.00 9.50
1-Week 8.90 9.25 9.50 10.00 9.41
2-Week 8.75 9.25 9.50 10.00 9.38
1-Month 8.75 9.00 9.25 9.50 9.13
2-Months 8.60 9.25 9.25 9.75 9.21
3-Months 8.75 9.50 9.00 9.90 9.29
4-Months 8.75 9.50 9.00 10.00 9.31
5-Months 8.80 9.60 9.25 10.00 9.41
6-Months 8.75 9.75 9.15 10.00 9.41
9-Months 8.80 9.75 9.35 10.00 9.48
1-Year 9.10 10.00 9.70 10.20 9.75
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RUPEE IN LAHORE: The rupee maintained upward trend and further improved its worth by 5 paisa in relation to the greenback in the local currency markets on Tuesday.
According to the currency dealers, the dollar remained under selling pressure, which helped the local currency improve its worth. The dollar resumed trading at overnight closing rates of Rs 59.70 and Rs 59.80 on buying and selling counters, respectively. As a result of increase in dollar's supply, its rate further moved down and closed at Rs 59.65 and Rs 59.75 on buying and selling sides, respectively, the dealers said. They were of the view that the dollar supply would continue resulting in further depreciation in its worth till Eid and afterward it would start rising.
Likewise, the local currency maintained rising trend and gained strength against the pound sterling. The pound's buying rate declined from Rs 105.20 to Rs 104.70 while selling rate moved down from Rs 105.50 to Rs 105.10, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi on Tuesday.
The dollar opened at Rs 59.50 (buying) and Rs 59.70 (selling) against same last rate. It did not observe any further change in the second spell and closed at Rs 59.50 (buying) and Rs 59.70 (selling).
Pound sterling opened at Rs 105.30 (buying) and Rs 106 (selling) against same overnight value. It did not observe any further change in the last trading hours and closed at Rs 105.30 (buying) and Rs 106 (selling).