There was rising demand for dollar by the importers but easy availability matched with the market demand.
In the world markets, the dollar failed to maintain its previous level versus the major currencies due to negative US housing data, dealers said.
OPEN MARKET RATES: The rupee did not show any variation versus the dollar for buying at 59.90 but it posted loss of five paisa on the selling counter at 60.00, dealers said.
Versus the euro, the rupee maintained its gain, picking up more 10 paisa for buying and selling at Rs 70.60 and Rs 70.70, they added.
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Kerb Buying Rs 59.90
Kerb Selling Rs 60.00
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Wednesday.
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Buying Rs 59.79
Selling Rs 59.81
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Repo Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 3.00 4.50 4.00 6.00 4.38
1-Week 6.30 6.50 6.75 7.00 6.64
2-Week 7.00 7.20 7.25 7.35 7.20
1-Month 7.10 7.25 7.60 7.75 7.43
2-Months 7.25 7.40 7.60 8.00 7.56
3-Months 7.50 7.75 8.00 8.25 7.88
4-Months 7.75 8.00 8.25 8.30 8.08
5-Months 8.00 8.25 8.35 8.40 8.25
6-Months 8.20 8.35 8.40 8.60 8.39
9-Months 8.40 8.50 8.60 8.65 8.54
1-Year 8.50 8.55 8.65 8.75 8.61
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Call Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 4.25 5.50 5.50 7.00 5.56
1-Week 6.75 7.00 7.50 8.00 7.31
2-Week 7.25 8.00 8.00 8.50 7.94
1-Month 8.00 9.00 8.75 9.50 8.81
2-Months 8.10 8.50 8.50 9.25 8.59
3-Months 8.50 9.00 9.00 9.75 9.06
4-Months 8.50 9.00 9.25 9.50 9.06
5-Months 8.90 9.25 9.25 9.50 9.23
6-Months 9.00 9.25 9.25 9.50 9.25
9-Months 9.00 9.50 9.50 10.00 9.50
1-Year 9.25 10.00 9.75 10.25 9.81
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RUPEE IN LAHORE: The value of the rupee further moved down by five paisa in relation to the greenback in the local currency markets on Friday.
According to the currency dealers, the dollar's demand remained intact for the second consecutive day, which helped improve its worth in the local kerb. The dollar resumed trading at Thursday's closing rates of Rs 59.85 and Rs 59.95 on buying and selling counters, respectively. At the end of trading, the dollar closed higher at Rs 59.90 and Rs 60.00 on buying and selling sides, respectively, the dealers added.
Similarly, the local currency remained under pressure against the British pound. The rupee lost its value against the pound sterling which was traded at Rs 102.60 and Rs 103.10 on buying and selling sides, respectively as compared to Rs 102.50 and Rs 103.00 of Thursday, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the currency exchange establishments of Islamabad and Rawalpindi on Friday.
The dollar opened at Rs 59.95 (buying) and Rs 60.05 (selling) against same last rate. It did not observe any further change by the end of second session and closed at Rs 59.95 (buying) and Rs 60.05 (selling).
The pound sterling opened at Rs 102.60 (buying) and Rs 102.80 (selling) against same last rate. It did not show any change in the evening session and closed at Rs 102.60 (buying) and Rs 102.80 (selling).