Dollars' smooth availability, boosted the rupee's value in terms of dollar in open market on Thursday, picking up five paisa for buying and selling at Rs 60.75 and Rs 60.80, dealers said. Strong supply of dollars helped the rupee to maintain is firmness versus the greenback, they said.
During the fourth session, the dollar limped up from a 15-year low against a basket of currencies as investors took profits on its slide and waited to see how deeply the Federal Reserve might cut interest rates next week.
The Fed is widely seen lowering rates by 25 or 50 basis points from 5.25 percent at Tuesday's meeting to stave off a deeper economic slowdown and help relieve a squeeze in money markets, a move that would erode the dollar's yield appeal.
INTERBANK MARKET RATES: The rupee did not show any change against dollar for buying and selling at Rs 60.63 and Rs 60.65, they said.
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Kerb Buying Rs 60.75
Kerb Selling Rs 60.80
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Thursday.
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Buying Rs 60.63
Selling Rs 60.65
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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 8.75 9.25 9.00 9.50 9.13
1-Week 9.00 9.25 9.10 9.30 9.16
2-Weeks 9.05 9.25 9.15 9.30 9.19
1-Month 9.00 9.20 9.10 9.25 9.14
2-Months 9.05 9.25 9.15 9.30 9.19
3-Months 9.10 9.30 9.20 9.35 9.24
4-Months 9.15 9.30 9.20 9.35 9.25
5-Months 9.15 9.35 9.25 9.40 9.29
6-Months 9.20 9.40 9.30 9.45 9.34
9-Months 9.25 9.40 9.35 9.50 9.38
1-Year 9.25 9.45 9.35 9.50 9.39
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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 9.00 9.75 9.10 9.90 9.44
1-Week 9.10 9.30 9.20 9.40 9.25
2-Weeks 9.15 9.30 9.25 9.35 9.26
1-Month 9.20 9.40 9.30 9.45 9.34
2-Months 9.20 9.60 9.35 9.70 9.46
3-Months 9.25 9.60 9.35 9.75 9.49
4-Months 9.30 9.70 9.50 9.80 9.58
5-Months 9.40 9.90 9.60 10.00 9.73
6-Months 9.60 10.00 9.75 10.10 9.86
9-Months 9.75 10.10 10.00 10.25 10.03
1-Year 9.90 10.25 10.10 10.40 10.16
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RUPEE IN LAHORE: The rupee marginally improved by five paisas in the open currency market on Thursday.
The dollar failed to maintain overnight closing level because of increase in its supply helping the rupee improve. The dollar was purchased at Rs 60.80 and Rs 60.90 on Wednesday against closing of Rs 60.85 and Rs 60.95.
The rupee remained firm, improving its worth against the pound sterling traded at Rs 122.30 and Rs 122.60 as compared to Rs 122.80 and Rs 123.10 on buying and selling counters.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi on Thursday.
The dollar opened at Rs 60.90 (buying) and Rs 61.00 (selling) against the same previous rate. It did not witness any fluctuation by the end of second session and closed at Rs 60.90 (buying) and Rs 61.00 (selling).
Pound Sterling opened at Rs 122.30 (buying) and Rs 122.50 (selling) against same previous rate. It did not witness any change in the evening spell and closed at Rs 122.30 (buying) and Rs 122.50 (selling).
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