Firmer trend was seen in the interbank market on Friday as the rupee-dollar parity rates did not move sharply at Rs 60.35 and Rs 60.36, respectively. The rupee held its firmness due to steady supply of US dollars, dealers said, adding that it was expected that payment requirements might push the dollar demand higher in the coming days.
In the meantime, they hope that supply of dollars would also be enough to meet the market demand. In the international markets, the dollar drifted lower slightly against major currencies.
OPEN MARKET RATES: The rupee gained 4 paisa against dollar for buying at Rs 60.81 and lost one paisa for selling at Rs 60.91, dealers said. The rupee, however, showed its muscle against euro, picking up 28 paisa for buying and selling at Rs 76.75 and Rs 76.85, they added.
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Kerb buying ($) Rs 60.81
Kerb selling ($) Rs 60.91
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Friday.
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Buying Rs 60.35
Selling Rs 60.36
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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 7.00 8.80 7.50 8.90 8.05
1-Week 8.00 8.50 8.35 8.75 8.40
2-Weeks 8.25 8.60 8.50 8.75 8.53
1-Month 8.20 8.50 8.40 8.65 8.44
2-Months 8.35 8.65 8.45 8.75 8.55
3-Months 8.35 8.70 8.50 8.80 8.59
4-Months 8.40 8.75 8.60 8.80 8.64
5-Months 8.50 8.75 8.65 8.80 8.68
6-Months 8.55 8.75 8.65 8.85 8.70
9-Months 8.60 8.80 8.70 8.90 8.75
1-Year 8.70 8.80 8.75 8.90 8.79
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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 7.50 9.00 8.00 9.50 8.50
1-Week 8.50 9.00 9.00 9.80 9.08
2-Weeks 9.00 9.50 9.25 9.75 9.38
1-Month 9.50 9.75 9.75 10.00 9.75
2-Months 9.50 9.75 9.90 10.25 9.85
3-Months 9.50 10.00 9.75 10.25 9.88
4-Months 9.50 10.00 10.00 10.50 10.00
5-Months 9.75 10.25 10.25 10.50 10.19
6-Months 10.00 10.50 10.25 10.75 10.38
9-Months 10.25 10.50 10.50 11.00 10.56
1-Year 10.50 11.00 11.00 11.50 11.00
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RUPEE IN LAHORE: The rupee failed to maintain upward slide and lost its worth by 5-paisa in relation to the greenback in the local currency markets on Friday.
According to the currency dealers, the dollar's trading commenced at Thursday's closing rates of Rs 60.95 and Rs 61.05 on buying and selling sides, respectively. As a result of increase in dollar's demand, its rate moved up and closed at Rs 61.00 and Rs 61.10 on buying and selling sides, respectively, the dealers added.
However, the local currency showed strength and recovered some of its earlier loss against the pound sterling. The pound's buying rate declined from previous closing rate of Rs 112.60 to Rs 112.40 while selling rate moved down from Rs 112.90 to Rs 112.70, 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 Friday.
The dollar opened at Rs 60.80 (buying) and Rs 60.90 (selling) against same previous rate. It did not observe any further change in the second session and closed at Rs 60.80 (buying) and Rs 60.90 (selling).
Pound sterling opened at opened at Rs 111.25 (buying) and Rs 111.50 (selling) against same overnight value. It did not observe further change in the last trading hours and closed at Rs 111.25 (buying) and Rs 111.50 (selling).
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