Minor changes were seen on the currency market on Friday as supply was good in process of trading, dealers said. On the interbank market the rupee maintained its overnight level versus dollar for buying at 78.85 while it fell with slight loss of two paisa for selling at 78.90, they added.
In the final session yen kept its strength against dollar in thin trade as fears of a long and deep global recession continued to highlight the relative safety of the low-yielding Japanese currency.
OPEN MARKET RATES: The rupee firmly held its overnight levels for buying and selling at 78.00 and 78.30, they said. The rupee, however, could not maintain its firmness versus euor after losing sharply for buying and selling at 98.95 and Rs 99.30, they said.
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Open Buying Rs 78.00
Open Selling Rs 78.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Friday.
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Buying Rs 78.85
Selling Rs 78.90
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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 4.00 8.00 5.00 9.00 6.50
1-Week 6.75 7.00 7.00 7.25 7.00
2-Week 8.50 9.25 9.25 9.75 9.19
1-Month 9.90 10.25 10.10 10.40 10.16
2-Months 12.25 12.60 12.50 13.00 12.59
3-Months 12.90 13.25 13.25 13.50 13.23
4-Months 13.25 13.75 13.50 14.00 13.63
5-Months 13.50 13.75 13.75 14.00 13.75
6-Months 13.60 14.00 14.00 14.25 13.96
9-Months 13.90 14.20 14.25 14.50 14.21
1-Year 14.00 14.25 14.30 14.55 14.28
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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 5.00 12.00 6.00 14.00 9.25
1-Week 12.50 14.00 13.00 15.00 13.63
2-Week 13.00 15.00 14.00 15.50 14.38
1-Month 14.00 15.50 15.50 16.00 15.25
2-Months 15.00 15.75 15.50 16.00 15.56
3-Months 15.00 16.00 16.00 16.50 15.88
4-Months 15.50 16.00 16.00 16.50 16.00
5-Months 15.75 16.25 16.25 16.75 16.25
6-Months 16.00 16.50 16.50 16.75 16.44
9-Months 16.25 16.75 16.75 17.00 16.69
1-Year 16.50 17.00 17.00 17.50 17.00
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RUPEE IN LAHORE: The rupee lost 40 paisa on buying side and 50 paisa on selling against dollar on Lahore currency market on Friday. The dollar closed at Rs 77.70 and Rs 78.50 on buying and selling counters, respectively, against Thursday closing of Rs 77.30 and Rs 78.00. Likewise, the rupee lost its value against the British pound. The pound was traded at Rs 119.50 and Rs 121.00 as compared to overnight closing of Rs 119.50 and Rs 120.50 on buying and selling sides, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against dollar at the currency markets of Islamabad and Rawalpindi on Friday. The dollar opened at Rs 77.50 (buying) and Rs 78.50 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 77.50 (buying) and Rs 78.50 (selling). Pound sterling opened at Rs 119 (buying) and Rs 120 (selling) against same previous rate. It did not observe further change in the second session and closed at Rs 119 (buying) and Rs 120 (selling).
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