Stability dominated the Interbank Forex Market with the greenback having an edge over the Pak rupee.
The "spot" market opened with the US dollar changing hands in the range of Rs 57.47 and Rs 57.49 as respective buying and selling rates.
Active buying in the morning session marginally dented the value of the local currency as it shed 1.0 paisa each in bid and offer at Rs 57.48 and Rs 57.50.
However by the end of trading session the local currency recovered the lost ground as the market closed unchanged at Rs 57.47 and Rs 57.49 as respective buying and selling rates.
In swap transactions, prices in all the tenures remained stable. 1-month swap was dealt in the range of -7.0 paisa and -5.0 paisa.
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DAILY FOREX REPORT Tuesday (April 13, 2004)
SBP US $/PKR Parity: 46.00/.23
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US $/PKR Ready 1 Wk 1M 2M 3M 4M 5M R/6M
Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer
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Outright 57.47 57.49 57.47 57.49 57.41 57.43 57.38 57.40 57.35 57.37 57.33 57.35 57.32 57.34 57.31 57.33
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SWAP
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O/N R/1 WK R/1 M R/2 M R/3 M R/4 M R/5 M R/6 M
Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer
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Paisa -0.50 0.00 -2.50 -1.00 -7.00 -5.00 -10.00 -8.00 -13.00 -11.00 -15.00 -13.00 -16.00 -14.00 -17.00 -15.00
% Bid -2.18 1.00 -1.27 0.09 -0.48 -0.06 -0.06 0.15 0.08 0.22 0.21 0.31 0.32 0.41 0.40 0.47
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