Slight fluctuations were seen on the local currency market on Tuesday. The dollars' supply was enough to meet the importers' demand, experts said. On the interbank market the rupee inched up with a marginal gain of two paisa versus dollar at 84.38 and 84.43 for buying and selling, they said.
In the second Asian session yen inched up as investors locked in profits against euro due to a lack of progress on a financial aid package for debt-laden Greece, while dollar held its gains ahead of a Federal Reserve policy-setting meeting. Investors avoided taking risks after US Senate Banking Committee Chairman Christopher Dodd unveiled a revised financial reform bill on Monday, although the measure did not contain negative surprises.
OPEN MARKET RATES: The rupee shed five paisa against dollar for buying at 84.45 while it did not show any change for selling at 84.60, dealers said. The rupee failed to maintain versus euro, losing Rs 1.55 for buying and selling at Rs 116.95 and at 117.45 they added.
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Buying Rs 84.38
Selling Rs.84.43
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday.
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Open Buying Rs.84.45
Open Selling Rs.84.60
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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 12.00 12.30 12.10 12.35 12.19
1-Week 11.50 12.10 12.05 12.15 11.95
2-Week 11.55 12.10 12.10 12.15 11.98
1-Month 11.60 12.05 12.10 12.15 11.98
2-Months 11.75 12.05 12.05 12.10 11.99
3-Months 11.80 12.10 12.05 12.15 12.03
4-Months 11.85 12.10 12.10 12.15 12.05
5-Months 11.90 12.10 12.10 12.20 12.08
6-Months 11.90 12.15 12.10 12.20 12.09
9-Months 11.95 12.15 12.10 12.20 12.10
1-Year 12.00 12.20 12.10 12.25 12.14
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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 12.00 12.30 12.10 12.35 12.19
1-Week 11.70 12.15 12.10 12.20 12.04
2-Week 11.80 12.15 12.10 12.20 12.06
1-Month 11.90 12.15 12.10 12.20 12.09
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 Pak rupee depreciated its value by 5-paisa in relation to the greenback in Lahore currency market on Tuesday.
According to the moneychangers, the dollar opened at Rs 84.40 (buying) and Rs 84.50 (selling) against Rs 84.30 and Rs 84.60 of Monday. The greenback observed further change in the evening session and closed at Rs 84.35 (buying) and Rs 84.55 (selling).
Pound sterling opened at Rs 127.00 (buying) and Rs 128.00 (selling) against the previous rates. It observed further change in the evening session and closed at Rs 127.20 (buying) and Rs 127.50 (selling).
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee gained 20 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 84.20 (buying) and Rs 84.30 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 84.20 (buying) and Rs 84.30 (selling).
Pound Sterling opened at Rs 126.60 (buying) and Rs 127.60 (selling) against the rate of Rs 125.50 (buying) and Rs 126.50 (selling). It did not observe further change in the evening session and closed at Rs 126.60 (buying) and Rs 127.60 (selling).
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