Steadier trend was again witnessed in the open market at the weekend as the rupee stayed firm versus the dollar for buying and selling at Rs 57.73 and Rs 57.78, respectively.
Tight supply of dollars did not allow the rupee to come out of its slide and it might maintain its present trend versus the dollar, dealers said.
However, it posted fresh gain of 40 paisa in relation to euro for buying and selling at Rs 70.82 and Rs 71.02.
In the world markets the dollar showed improvement versus major currencies.
INTERBANK RATES: The rupee sustained its overnight levels in relation to the dollar for buying and selling at Rs 57.50 and Rs 57.52.
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Kerb buying Rs 57.73
Kerb selling Rs 57.78
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Saturday.
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Buying Rs 57.50
Selling Rs 57.52
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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 0.10 0.15 0.20 0.30 0.19
1-Week 0.20 0.40 0.60 0.80 0.50
2-Week 0.70 0.90 1.10 1.30 1.00
1-Month 1.00 1.20 1.30 1.50 1.25
2-Months 1.10 1.20 1.40 1.50 1.30
3-Months 1.20 1.30 1.50 1.60 1.40
4-Months 1.30 1.40 1.60 1.70 1.50
5-Months 1.40 1.50 1.70 1.90 1.63
6-Months 1.50 1.70 1.80 2.00 1.75
9-Months 1.80 2.00 2.20 2.40 2.10
1-Year 2.00 2.20 2.40 2.60 2.30
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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 0.15 0.30 0.25 0.80 0.38
1-Week 0.30 0.50 0.70 0.90 0.60
2-Week 0.90 1.10 1.30 1.50 1.20
1-Month 1.10 1.30 1.40 1.60 1.35
2-Month 1.20 1.30 1.50 1.70 1.43
3-Month 1.30 1.40 1.60 1.70 1.50
4-Month 1.40 1.50 1.70 1.90 1.63
5-Month 1.50 1.70 1.90 2.10 1.80
6-Month 1.60 1.80 1.90 2.10 1.85
9-Month 2.10 2.30 2.50 2.90 2.45
1-Year 2.30 2.50 2.70 2.90 2.60
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RUPEE IN LAHORE: The rupee maintained upward trend and further improved it's worth by five-paisa in relation to the greenback in the local currency markets, on Saturday.
The dollar resumed trading at overnight closing rates of Rs 57.75 and Rs 57.85 as its buying and selling rates, respectively. However, it could not sustain due to selling pressure, as investors preferred offloading ahead of weekly holiday.
As a result, the dollar moved down and closed at Rs 57.70 and Rs 57.80 on buying and selling counters, respectively, the dealers added.
Moreover, the rupee showed stability, as pound-rupee parity remained unchanged. The demand and supply condition remained intact at Friday's level, which helped local currency avert more declines. The pound was traded at Rs 105.70 and Rs 106.00 on buying and selling counters, respectively, 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 Saturday.
The dollar opened at Rs 57.70 (buying) and Rs 57.80 (selling) against same last rates. It did not observe any further change in the evening session and closed at Rs 57.70 (buying) and Rs 57.80 (selling).
Pound sterling opened at Rs 105.50 (buying) and Rs 105.60 (selling) against same overnight value. It did not observe any further change in the second session and closed at Rs 105.50 (buying) and Rs 105.60 (selling).
Canadian dollar opened at Rs 43.40 (buying) and Rs 43.50 (selling) against same previous rate. It did not observe any further change in the evening session and closed at Rs 43.40 (buying) and Rs 43.50 (selling).
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