Firm trend was seen on the interbank market on Monday as the rupee inched up versus the dollar, rising five paisa for buying at 78.95 while it did not show any change for selling at 79.05, dealers said. Balanced demand and supply of the US currency helped the rupee to retain its weekend levels, analysts said.
During the first session of the week, dollar climbed, moving back near a 23-year high against sterling and a six-week high versus euro as fears about the global recession and banking sector problems pushed investors away from risk.
OPEN MARKET RATES: The rupee managed to gain 10 paisa against dollar for buying and selling at 79.10 and 79.50, they said. The rupee also appreciated versus euro after gaining 80 paisa for buying and selling at Rs 102.20 and Rs 104.20, they said.
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Open Buying Rs 79.10
Open Selling Rs 79.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Monday.
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Buying Rs 78.95
Selling Rs 79.05
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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 10.50 7.50 10.75 8.94
1-Week 9.75 10.40 10.00 10.50 10.16
2-Week 10.00 10.50 10.50 10.75 10.44
1-Month 11.25 11.75 11.50 12.00 11.63
2-Months 12.40 12.90 12.75 13.00 12.76
3-Months 12.90 13.40 13.10 13.60 13.25
4-Months 13.25 13.75 13.75 14.00 13.69
5-Months 13.50 13.75 13.75 14.00 13.75
6-Months 13.40 13.65 13.90 14.10 13.76
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 8.00 11.00 8.50 11.50 9.75
1-Week 11.00 13.00 12.00 13.50 12.38
2-Week 11.50 13.50 12.00 14.00 12.75
1-Month 13.00 14.50 14.00 14.50 14.00
2-Months 14.00 15.00 15.00 15.50 14.88
3-Months 14.50 15.50 15.00 16.00 15.25
4-Months 15.00 15.50 15.50 16.00 15.50
5-Months 15.50 16.00 16.00 16.50 16.00
6-Months 15.50 16.50 16.50 17.00 16.38
9-Months 16.00 16.75 16.50 17.00 16.56
1-Year 16.50 16.75 16.75 17.50 16.88
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RUPEE IN LAHORE: The Pak rupee opened on a healthy sign and improved its worth by 30 paisa on buying side and 80 paisa on selling side in relation to the greenback in the Lahore currency market on Monday. The dollar remained under selling pressure and thus could not sustain in the open market. The dollar kept on declining and finally ended at Rs 79.00 and Rs 79.50 against last Saturday closing of Rs 79.30 and Rs 80.30 on buying and selling counters, respectively, the moneychangers said. Similarly, the rupee showed strength and appreciated its value against the pound sterling. The pound was purchased and sold at Rs 111.00 and Rs 112.50 as compared to last week closing of to Rs 112.00 and Rs 114.50 respectively, the moneychangers said.
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