THE RUPEE: parity unchanged

Mixed pattern was seen on the currency market on Friday as demand was up for dollars, dealers said.
On the interbank market the rupee showed no change against dollar for buying and selling at 82.95 and 83.00, they said. No major gap was seen in the rupee-dollar official parity and open market rates, they said. In the final Asian session dollar slipped after a draft statement showed leaders of the Group of 20 rich and developing nations pledged to sustain emergency measures until the economic recovery becomes solid, encouraging speculators to sell the low-yielding greenback.
OPEN MARKET RATES: The rupee shed five paisa versus dollar for buying and selling at 82.90 and 83.00, dealers said. The rupee, however, managed to gain 38 paisa versus euro for buying at Rs 120.92 and 40 paisa for selling at Rs 121.40, they said.

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Open Buying             Rs 82.90

Open Selling            Rs 83.00

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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.

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Buying                Rs 82.95

Selling               Rs 83.00

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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    10.10     11.00      10.25         11.25       10.65

1-Week       11.75     12.10      12.10         12.25       12.05

2-Week       11.90     12.20      12.20         12.30       12.15

1-Month      11.85     12.25      12.20         12.35       12.16

2-Months     11.85     12.20      12.20         12.30       12.14

3-Months     11.85     12.20      12.15         12.30       12.13

4-Months     11.85     12.15      12.15         12.30       12.11

5-Months     11.90     12.20      12.15         12.30       12.14

6-Months     11.90     12.25      12.15         12.30       12.15

9-Months     11.90     12.25      12.20         12.35       12.18

1-Year       11.90     12.25      12.20         12.35       12.18

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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    10.20     11.00      10.25         11.50       10.74

1-Week       11.75     12.00      12.00         12.25       12.00

2-Week       12.00     12.25      12.25         12.30       12.20

1-Month      12.00     12.25      12.25         12.35       12.21

2-Months     12.10     12.30      12.25         12.40       12.26

3-Months     12.25     12.35      12.30         12.40       12.33

4-Months     12.25     12.45      12.30         12.50       12.38

5-Months     12.30     12.45      12.35         12.50       12.40

6-Months     12.45     12.60      12.50         12.65       12.55

9-Months     12.45     12.60      12.50         12.65       12.55

1-Year       12.45     12.65      12.50         12.70       12.58

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RUPEE IN LAHORE: The rupee lost 15 paisa in relation to dollar on buying side while it remained unchanged on the selling side at Lahore currency market on Friday. According to currency dealers, the dollar moved up on buying counter to Rs 82.75 while its stayed glued to its overnight Rs 83.00 on selling counter against Thursday's Rs 82.60 and Rs 83.00, respectively. However, the rupee moved up against pound, which was purchased and sold at Rs 134.00 and Rs 135.50 against previous Rs 135.00 and Rs 136.00, respectively, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Friday. The dollar opened at Rs 82.50 (buying) and Rs 82.60 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 82.50 (buying) and Rs 82.60 (selling). Pound Sterling opened at Rs 133.60 (buying) and Rs 134.60 (selling) against the previous rate. It did not observe further change in the evening session and closed at Rs 133.60 (buying) and Rs 134.60 (selling).
Copyright Business Recorder, 2009