Firmness prevailed on the currency market on Friday as the rupee maintained it's recovery against the dollar due to easy supply of the US currency, dealers said. On the interbank market the rupee managed to rise five paisa versus dollar for buying and selling at 83.40 and 83.45, they added.
The interbank and open market rates were almost unchanged due to easy supply of the greenback, they said. 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. In Asian final session dollar clung to gains after another sporadic bout of profit-taking in riskier trades that has characterised the currency's eight-month bear trend. But traders said dollar short covering, prompted by softer equities and a fall in oil, had slowed in Asian time, and the US currency's broad weakness was likely to continue over the longer term.
OPEN MARKET RATES: The rupee rose by five paisa against dollar for buying and selling at 83.40 and 83.50, dealers said. The rupee also gained 50 paisa in terms of euro for buying and selling at Rs 123.40 and Rs 123.90, dealers said.
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Open Buying Rs 83.40
Open Selling Rs 83.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Buying Rs 83.40
Selling Rs 83.45
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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 12.75 12.90 12.80 12.90 12.84
1-Week 12.20 12.40 12.35 12.50 12.36
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 12.75 12.90 12.80 12.95 12.85
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 rupee lost 10 paisa on buying side and remained unchanged on selling in relation to dollar in Lahore currency market on Friday. According to dealers, the dollar's buying rate rose to Rs 83.50 from Rs 83.40, but stayed unchanged on selling side at Rs 83.70. On the contrary, the rupee depreciated against pound sterling. The pound's buying and selling rates increased to Rs 137.50 and Rs 138.50 as compared to Thursday's Rs 136.50 and Rs 137.50, 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 83.30 (buying) and Rs 83.40 (selling) against same last rate. 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 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 136.80 (buying) and Rs 137 (selling).
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