The rupee showed mixed trend versus foreign currencies in forex market on Friday, dealers said. The rupee maintained a firm posture versus dollar in the open market and recovered five paisa for buying and selling at Rs 59.95 and Rs 60.00, respectively, they said.
It, however, lost 30 paisa in relation to euro at Rs 74.00 and Rs 74.25 for buying and selling, respectively, in rising demand for the single European currency, they said.
The local currency also lost nearly one rupee versus pound sterling, since the week started, for buying and selling at Rs 107.75 and Rs 108.00.
In the world markets, the dollar was up against yen on weaker-than-expected Japanese Gross Domestic Product (GDP), but the loss in yen was limited as investors observed the rising trend in the basic fundamentals, dealers said.
INTERBANK RATES: The rupee did not show any change versus dollar for buying and selling at Rs 59.67 and Rs 59.68, dealers said.
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Kerb Buying Rs 59.95
Kerb Selling Rs 60.05
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Friday.
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Buying Rs 59.67
Selling Rs 59.68
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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 1.50 6.00 2.00 6.50 4.00
1-Week 5.50 7.00 5.80 7.25 6.39
2-Week 6.25 6.50 6.75 7.00 6.63
1-Month 7.40 7.75 7.90 8.10 7.79
2-Months 7.50 7.85 7.95 8.15 7.86
3-Months 7.65 7.90 8.00 8.20 7.94
4-Months 7.75 8.00 8.00 8.25 8.00
5-Months 7.85 8.10 8.10 8.30 8.09
6-Months 8.00 8.20 8.15 8.40 8.19
9-Months 8.15 8.25 8.40 8.60 8.35
1-Year 8.35 8.50 8.60 8.80 8.56
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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 2.00 6.50 2.50 7.00 4.50
1-Week 6.00 7.50 6.50 8.00 7.00
2-Week 6.75 7.00 7.25 7.50 7.13
1-Month 7.75 8.10 8.25 8.50 8.15
2-Months 8.00 8.75 8.40 8.90 8.51
3-Months 8.30 9.25 8.65 9.50 8.93
4-Months 8.30 8.60 8.70 9.55 8.79
5-Months 8.50 9.00 8.80 9.60 8.98
6-Months 8.60 9.00 9.00 9.65 9.06
9-Months 8.75 8.95 9.40 9.75 9.21
1-Year 9.10 9.50 9.75 9.90 9.56
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RUPEE IN LAHORE: The rupee remained firm and further appreciated its worth by 10-paisa in relation to the greenback in the local currency markets on Friday.
According to the currency dealers, the dollar failed to resist decline and continued downward trend for the fifth consecutive day on account of lacking buying support. The dollar's trading commenced at Rs 59.95 on buying side and Rs 60.05 on selling side. Due to lacking buying interest, the greenback further moved down and closed at Rs 59.90 and Rs 60.00 on buying and selling sides, respectively, as against Rs 60.00 and Rs 60.10 of Thursday, the dealers added.
Moreover, the rupee continued downward slide and lost its value against the pound sterling. The British pound was purchased at Rs 107.50 and Rs 108.00 on buying and selling sides, respectively, as compared to Rs 106.80 and Rs 107.20, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi on Friday.
The dollar opened at Rs 59.85 (buying) and Rs 60.10 (selling) against same previous rate. It did not witness any further change in the evening spell and closed at Rs 59.85 (buying) and Rs 60.10 (selling).
Pound sterling opened at Rs 106.35 (buying) and Rs 106.70 (selling) against same previous rate. It did not observe any further change and closed at Rs 106.35 (buying) and Rs 106.70 (selling).
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