Divergent trend was seen in the currency market at the weekend in process of trading, dealers said. In the interbank market, the rupee picked up one paisa against dollar for buying at Rs 60.59 while it was unmoved for selling at 60.61, they said.
The rupee's fall versus dollar was expected as the buyers outstripped the sellers, money experts said. Some exporters were in the market but many importers were active to purchase dollars to clear the payment bills, they said. In the world markets, dollar briefly slipped at the closing session of the week after a report showed May US core consumer inflation lower than expected, pushing down Treasury yields.
The euro climbed against dollar, trading at $1.3330 soon after the report from about $1.3320, where it was shortly prior to the data. Dollar was largely unchanged against yen at about 123.45 yen.
OPEN MARKET RATES: The rupee depicted mixed trend as it was unchanged on the buying side at Rs 61.00 while it shed five paisa further on the selling counter at Rs 61.10, dealers said. The rupee slipped against the euro as the single European currency rode over the dollar's weakness in the overseas markets, gaining 47 paisa for buying and selling at Rs 81.45 and Rs 81.55, dealers said.
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Kerb Buying Rs 61.00
Kerb Selling Rs 61.10
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Saturday.
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Buying Rs 60.59
Selling Rs 60.61
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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 6.00 9.40 6.50 9.40 7.83
1-Week 8.25 8.60 8.50 8.75 8.53
2-Weeks 8.50 8.90 8.75 9.00 8.79
1-Month 8.60 8.75 8.80 9.00 8.79
2-Months 8.75 8.90 8.85 9.00 8.88
3-Months 8.75 8.95 8.85 9.05 8.90
4-Months 8.80 9.00 8.90 9.05 8.94
5-Months 8.85 9.00 8.95 9.10 8.98
6-Months 8.85 9.05 8.95 9.10 8.99
9-Months 8.90 9.10 9.05 9.20 9.06
1-Year 8.90 9.15 9.10 9.25 9.10
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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 6.50 9.40 6.75 9.45 8.03
1-Week 8.50 9.00 8.75 9.25 8.88
2-Weeks 8.75 9.25 9.00 9.40 9.10
1-Month 9.10 9.40 9.25 9.50 9.31
2-Months 9.25 9.50 9.40 9.60 9.44
3-Months 9.25 9.60 9.40 9.70 9.49
4-Months 9.40 9.75 9.65 9.90 9.68
5-Months 9.50 9.75 9.75 10.00 9.75
6-Months 9.75 10.00 10.00 10.25 10.00
9-Months 10.00 10.25 10.25 10.50 10.25
1-Year 10.00 10.50 10.25 10.75 10.38
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RUPEE IN LAHORE: The rupee lost 10 paisa in relation to dollar at Lahore currency markets on Saturday. According to currency dealers, the dollar commenced trading at Rs 60.95 and Rs 61.05 for buying and selling, respectively and on fresh demand moved up to close at Rs 61.00 and Rs 61.10 for buying and selling.
Likewise, the rupee closed on negative note against pound sterling. The pound was purchased at Rs 120.20 and was sold at Rs 120.50 as compared to previous closing of Rs 120.00 and Rs 120.30 respectively, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the currency markets of Islamabad and Rawalpindi on Saturday.
The dollar opened at Rs 60.90 (buying) and Rs 61 (selling) against same last rate. It did not observe any change in the last trading hours and closed at Rs 60.90 (buying) and Rs 61 (selling).
Pound sterling opened at Rs 120 (buying) and Rs 120.20 (selling) against same previous rate. It did not observe further change in the second spell and closed at Rs 120 (buying) and Rs 120.20 (selling).
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