Rising trend in the remittances helped the rupee to resist sharp erosion against dollar on the currency market on Thursday, dealers said. On the interbank market the rupee retained its overnight levels versus dollar for buying and selling at 83.45 and 83.50, they added. Amid fourth Asian trade dollar was on slippery ground after the Australian dollar jumped to a 15-month high on strong jobs data that boosted expectations of an interest rate hike next month.
OPEN MARKET RATES: The rupee looked ahead, gaining 20 paisa against dollar for buying and selling at 83.45 and 83.55, dealers said. The rupee also gained 15 paisa in terms of euro for buying at Rs 123.90 and it rose by Rs 1.15 for selling at Rs 124.40, dealers said.
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Open Buying Rs 83.45
Open Selling Rs 83.55
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Buying Rs.83.45
Selling Rs.83.50
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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 12.50 12.90 12.70 12.90 12.75
1-Week 12.20 12.35 12.30 12.40 12.31
2-Week 12.15 12.35 12.30 12.40 12.30
1-Month 12.15 12.35 12.25 12.40 12.29
2-Months 12.10 12.35 12.30 12.40 12.29
3-Months 12.00 12.30 12.25 12.40 12.24
4-Months 12.00 12.30 12.25 12.40 12.24
5-Months 11.90 12.25 12.20 12.35 12.18
6-Months 11.90 12.25 12.20 12.30 12.16
9-Months 11.90 12.25 12.20 12.30 12.16
1-Year 11.90 12.20 12.20 12.30 12.15
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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 12.50 12.90 12.75 12.95 12.78
1-Week 12.25 12.50 12.35 12.60 12.43
2-Week 12.25 12.60 12.30 12.70 12.46
1-Month 12.25 12.60 12.45 12.70 12.50
2-Months 12.30 12.60 12.45 12.75 12.53
3-Months 12.30 12.60 12.45 12.75 12.53
4-Months 12.35 12.65 12.50 12.75 12.56
5-Months 12.40 12.70 12.50 12.85 12.61
6-Months 12.45 12.70 12.50 12.85 12.63
9-Months 12.45 12.75 12.55 12.90 12.66
1-Year 12.45 12.80 12.75 13.00 12.75
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RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid low trading activity in the local currency market on Thursday. According to the currency dealers, there was no change in dollar's demand and supply situation that helped rupee stability. The dollar was traded at overnight closing of Rs 83.40 and Rs 83.70 as its buying and selling rates, respectively. However, the rupee showed recovery and appreciated its worth against the pound sterling. The pound was purchased and sold at Rs 136.50 and Rs 137.50 as compared to last day closing of Rs 137.50 and Rs 138.50, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar was down by 20 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday. The dollar opened at Rs 83.30 (buying) and Rs 83.40 (selling) against the rate of Rs 83.50 (buying) and Rs 83.60 (selling). It did not observe further change in the evening session and closed at Rs 83.30 (buying) and Rs 83.40 (selling).
Pound Sterling opened at Rs 136.80 (buying) and Rs 137.00 (selling) against the overnight value. It did not observe further change in the evening session and closed at Rs 136.80 (buying) and Rs 137.00 (selling).
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