Expectations for improvement in inflows, failed to save the rupee from fresh losses on the interbank market on Wednesday, losing 8 paisa for buying at 80.58 and also falling 7 paisa for selling at 80.62, dealers said.
Some money experts said that financial assistance by the donors might help the rupee to recover its losses versus dollar. Besides, it is also likely that this positive factor would increase the foreign exchange reserve position, currency analysts said.
Amid third Asian session yen surged broadly after a report that President Barack Obama was prepared to let carmaker Chrysler go bankrupt, stirring risk aversion in the market and helping yen to reverse losses against dollar and euro.
OPEN MARKET RATES: The rupee gained 5 paisa against dollar for buying at 80.40 while it was unmoved for selling at 80.60, they said. The rupee maintained its riding over euro, gaining 50 paisa for buying and selling at at Rs 105.50 and Rs 106.50, they added.
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Open Buying Rs 80.40
Open Selling Rs 80.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Wednesday.
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Buying Rs.80.58
Selling Rs.80.62
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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 12.00 14.90 12.50 14.90 13.58
1-Week 12.75 13.50 13.25 13.75 13.31
2-Week 12.25 12.75 12.50 13.00 12.63
1-Month 11.75 12.25 12.25 12.50 12.19
2-Months 11.50 11.90 11.90 12.10 11.85
3-Months 11.50 11.85 11.75 12.00 11.78
4-Months 11.60 11.90 11.80 12.00 11.83
5-Months 11.65 11.90 11.85 12.00 11.85
6-Months 11.70 12.00 11.90 12.10 11.93
9-Months 11.75 12.10 12.00 12.25 12.03
1-Year 11.90 12.15 12.10 12.25 12.10
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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 13.50 14.90 14.00 15.00 14.35
1-Week 13.50 14.25 14.00 14.50 14.06
2-Week 12.75 13.50 13.25 14.00 13.38
1-Month 12.75 13.25 13.25 13.75 13.25
2-Months 12.75 13.25 13.25 13.50 13.19
3-Months 12.75 13.30 13.25 13.60 13.23
4-Months 12.90 13.35 13.30 13.45 13.25
5-Months 13.00 13.50 13.40 13.60 13.38
6-Months 13.00 13.60 13.50 13.75 13.46
9-Months 13.20 13.75 13.50 14.00 13.61
1-Year 13.30 13.75 13.40 14.00 13.61
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RUPEE IN LAHORE: The rupee lost 15 paisa against dollar in Lahore kerb market on Wednesday. According to moneychangers, the dollar fresh demand put the local currency under pressure. The dollar closed at Rs 80.45 and Rs 80.75 against the Tuesdays Rs 80.30 and Rs 80.60 on buying and selling sides, respectively.
Similarly, the rupee could not get out of pressure against pound sterling. The pound closed at Rs 114.80 and Rs 115.80 as compared to overnight Rs 114.30 and Rs 115.30, on buying and selling counters, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar-rupee parity remained unchanged at the open currency markets of Islamabad and Rawalpindi on Wednesday. The dollar opened at Rs 80.30 (buying) and Rs 80.40 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 80.30 (buying) and Rs 80.40 (selling).
Pound Sterling opened at Rs 113 (buying) and Rs 114 (selling) against same last rate. It did not witness further change in the second session and closed at Rs 114.10 (buying) and Rs 115.10 (selling).
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