The rupee continued its fall against dollar in the open market on Saturday as it shed two paisa for buying and selling at Rs 60.65 and Rs 60.70, dealers said. The rupee is expected to be able to resist fresh losses due to easy availability of the US currency, they said.
The rupee also extended its erosion versus euro, losing nine paisa for buying and selling at Rs 85.04 and Rs 85.15, they said. In the New York market dollar held near a 15-year low against a basket of currencies at the weekend and was on track for its biggest weekly decline in nearly a year as uncertainty persisted about the health of the US economy.
INTERBANK MARKET RATES: The rupee shed one paisa more against dollar for buying at Rs 60.61 and selling at Rs 60.62, dealers said. Tight supply of dollar kept the rupee under pressure slightly due to international financial market closure, they added.
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Kerb Buying Rs 60.65
Kerb Selling Rs 60.70
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Saturday.
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Buying Rs 60.61
Selling Rs 60.62
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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 9.50 9.90 9.70 9.90 9.75
1-Week 9.40 9.60 9.50 9.65 9.54
2-Weeks 9.30 9.50 9.40 9.60 9.45
1-Month 9.20 9.35 9.30 9.40 9.31
2-Months 9.15 9.30 9.20 9.35 9.25
3-Months 9.15 9.30 9.25 9.35 9.26
4-Months 9.15 9.35 9.30 9.40 9.30
5-Months 9.20 9.35 9.30 9.40 9.31
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 9.60 9.90 9.70 10.00 9.80
1-Week 9.50 9.75 9.60 9.80 9.66
2-Weeks 9.30 9.50 9.45 9.60 9.46
1-Month 9.25 9.50 9.40 9.60 9.44
2-Months 9.25 9.60 9.40 9.70 9.49
3-Months 9.30 9.60 9.35 9.75 9.50
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-dollar parity on Lahore currency market remained unchanged at overnight closing levels while transaction volume remained considerably low. Dealers said that there was no visible change in the dollar's demand and supply condition. The dollar resumed trading at Rs 60.60 and Rs 60.70 as its buying and selling rates, respectively. The dollar witnessed fractional change of one-two paisa in its value but finally closed at the opening level, the dealers said. They were of the view that dollar' supply could increase during the month of Ramazan due to arrival of overseas Pakistani for Eid celebration.
On the contrary, the rupee remained under pressure almost throughout the week and kept sliding against pound sterling. The pound's buying rate closed at the week-end at Rs 121.80 and selling rate at Rs 122.20 against previous closing of Rs 121.50 and Rs 121.80, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rates of dollar against the rupee remained unchanged at the open currency markets of Islamabad and Rawalpindi on Saturday.
The dollar opened at Rs 60.90 (buying) and Rs 61 (selling) against the same overnight value. It did not witness any change in the evening session and closed at Rs 60.90 (buying) and Rs 61 (selling).
Pound sterling opened at Rs 122.30 (buying) and Rs 122.50 (selling) against same last rate. No change was observed in the evening spell and it closed at Rs 122.30 (buying) and Rs 122.50 (selling).
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