The rupee did not move sharply against dollar on the interbank market on Monday for buying and selling at 83.70 and 83.74.On the open market it crossed 84 mark at 84.10 for selling, dealers said. The rupee managed to retain its weekend levels versus the greenback due to easy supply of dollars, they said.
In first Asian trade yen reversed steep early gains and slid in choppy trade as market players bought the Australian dollar against the Japanese currency ahead of an expected rate hike in Australia this week. The yen advanced broadly in early Asian trade, touching its highest levels in several weeks, after exceptionally low trade in forex margin deals on the South African rand against yen, which triggered a knock-on fall in cross yen pairs.
OPEN MARKET RATES: The rupee crossed the barrier of 48.00 in relation to dollar, losing 10 paisa for buying and selling at 84.00 and 84.10, dealers said. The rupee also shed its value against euro, falling 40 paisa for buying and selling at Rs 123.20 and Rs 123.70, dealers said.
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Buying Rs 83.70
Selling Rs 83.74
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Open Buying Rs 84.00
Open Selling Rs.84.10
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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 10.50 12.25 10.75 12.40 11.48
1-Week 11.80 12.25 12.10 12.35 12.13
2-Week 12.00 12.35 12.20 12.40 12.24
1-Month 12.00 12.40 12.20 12.45 12.26
2-Months 12.10 12.35 12.30 12.40 12.29
3-Months 12.15 12.40 12.30 12.45 12.33
4-Months 12.15 12.40 12.35 12.45 12.34
5-Months 12.15 12.40 12.35 12.45 12.34
6-Months 12.15 12.40 12.35 12.45 12.34
9-Months 12.25 12.45 12.35 12.50 12.39
1-Year 12.25 12.45 12.35 12.50 12.39
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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 10.75 12.40 11.00 12.50 11.66
1-Week 12.00 12.40 12.20 12.50 12.28
2-Week 12.10 12.40 12.35 12.50 12.34
1-Month 12.25 12.45 12.45 12.60 12.44
2-Months 12.30 12.65 12.45 12.75 12.54
3-Months 12.30 12.80 12.45 12.90 12.61
4-Months 12.35 12.80 12.60 12.90 12.66
5-Months 12.40 12.85 12.60 12.90 12.69
6-Months 12.45 12.90 12.60 13.00 12.74
9-Months 12.45 12.90 12.65 13.10 12.78
1-Year 12.45 12.90 12.70 13.25 12.83
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RUPEE IN LAHORE: The rupee failed to continue last week rising trend and lost ten-paisa on buying side and five-paisa on selling side against the US dollar in the open currency market on Monday. According to the currency dealers, the dollar witnessed fresh demand that pushed the rupee value down. The dollar showed strength and was closed higher at Rs 84.00 and Rs 84.25 against the last Saturday closing of Rs 83.90 and Rs 84.20 on buying and selling counters, respectively, the dealers said.
However, the rupee showed strength and appreciated its worth against the British pound. The pound was slide down from last week closing of Rs 136.30 and Rs 137.50 to Rs 136.00 and Rs 137.00 on buying and selling sides, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar showed an improvement of 20 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Monday. The dollar opened at Rs 83.80 (buying) and Rs 84 (selling) against last rate of Rs 83.60 (buying) and Rs 83.80 (selling). It did not observe further change in the evening session and closed at Rs 83.80 (buying) and Rs 84 (selling). Pound Sterling opened at Rs 135.40 (buying) and Rs 136.40 (selling) against same previous rate. It did not observe further change in the evening session and closed at Rs 135.40 (buying) and Rs 136.40 (selling).
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