The rates moved both ways on currency market on Tuesday in process of trading, exports said. On the interbank market, the rupee extended its fall, losing four paisa against dollar for buying at 85.08 and shed eight paisa for selling at 85.12, dealers said.
In the second Asian trade sterling dipped and was seen likely to stay weak after tumbling to a 10-month low the previous day, while the euro's outlook remained clouded by uncertainty over a bailout for debt-strapped Greece.
The Australian dollar initially climbed after the Reserve Bank of Australia raised interest rates by 25 basis points to 4.0 percent, but it later erased its gains.
OPEN MARKET RATES: The rupee rose by 30 paisa against dollar for buying at 85.40 and it was also up by Rs 25 to Rs 85.60, dealers said. The rupee continued its surge versus euro, gaining Rs 1.40 for buying and selling at Rs 114.35 and Rs 114.85, they added.
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Buying Rs 85.08
Selling Rs.85.12
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Open Buying Rs.85.40
Open Selling Rs.85.60
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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 11.60 12.15 11.90 12.25 11.98
1-Week 11.20 12.00 11.75 12.10 11.76
2-Week 11.45 12.00 11.90 12.10 11.86
1-Month 11.50 12.00 12.00 12.10 11.90
2-Months 11.65 12.00 12.05 12.10 11.95
3-Months 11.80 12.10 12.10 12.15 12.04
4-Months 11.80 12.10 12.10 12.15 12.04
5-Months 11.85 12.10 12.10 12.20 12.06
6-Months 11.85 12.10 12.10 12.20 12.06
9-Months 11.85 12.10 12.10 12.20 12.06
1-Year 11.95 12.10 12.10 12.20 12.09
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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 11.75 12.20 12.00 12.40 12.09
1-Week 11.50 12.10 12.00 12.15 11.94
2-Week 11.60 12.10 12.00 12.15 11.96
1-Month 11.70 12.10 12.00 12.15 11.99
2-Months 11.90 12.15 12.15 12.20 12.10
3-Months 11.90 12.20 12.15 12.25 12.13
4-Months 12.00 12.20 12.15 12.25 12.15
5-Months 12.00 12.25 12.10 12.30 12.16
6-Months 12.00 12.25 12.15 12.30 12.18
9-Months 12.10 12.25 12.20 12.30 12.21
1-Year 12.15 12.30 12.25 12.40 12.28
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RUPEE IN LAHORE: The rupee gained 20 paisa on buying side and 10 paisa on selling side against dollar in Lahore currency market on Tuesday. According to dealers, the dollar was purchased and sold at Rs 85.10 and Rs 85.50 as compared to overnight Rs 85.30 and Rs 85.60, respectively. Similarly, the rupee continued rising trend against pound sterling. The pound ended at Rs 127.00 and Rs 129.00 against Monday's Rs 127.50 and Rs 130.50 on buying and selling side, respectively, dealers said.
ISLAMABAD The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Tuesday. The dollar opened at Rs 85.25 (buying) and Rs 85.35 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 85.25 (buying) and Rs 85.35 (selling). Pound Sterling opened at Rs 130 (buying) and Rs 131 (selling) against last rate of Rs 129 (buying) and Rs 130 (selling). It did not observe further change in the second session and closed at Rs 130 (buying) and Rs 131 (selling).
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