The rates moved both ways on the local currency market on Saturday in process of trading, experts said. On the interbank market the rupee limited its decline against dollar, losing three paisa at 84.43 for buying and one paisa for selling at 84.46, they said.
At the weekend dollar firmed broadly, hitting a fresh seven-month high against yen, after government data showed the US economy created private sector jobs that were the highest in almost three years. The report suggests the US labour sector is on a gradual but steady recovery and should affirm expectations that the Federal Reserve would hike interest rates ahead of the European Central Bank, Bank of England and Bank of Japan.
OPEN MARKET RATES: The rupee managed to recover against dollar, gaining five paisa for buying at 84.40 and rose by 10 paisa for selling at 84.50, dealers said. The rupee also shrugged off the weakness versus euro, gaining 50 paisa for buying and selling at Rs 113.35 and Rs 113.85, they added.
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Buying Rs 84.43
Selling Rs 84.46
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Saturday.
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Open Buying Rs 84.40
Open Selling Rs 84.50
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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 10.75 12.00 11.00 12.10 11.46
1-Week 11.25 12.03 12.00 12.05 11.83
2-Week 11.50 12.05 12.05 12.10 11.93
1-Month 11.60 12.00 12.05 12.10 11.94
2-Months 11.70 12.00 12.05 12.10 11.96
3-Months 11.75 12.00 12.05 12.10 11.98
4-Months 11.85 12.10 12.10 12.15 12.05
5-Months 11.85 12.10 12.10 12.15 12.05
6-Months 11.85 12.10 12.10 12.15 12.05
9-Months 11.95 12.15 12.15 12.20 12.11
1-Year 12.00 12.20 12.20 12.25 12.16
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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 12.00 11.00 12.10 11.46
1-Week 11.40 12.05 12.00 12.10 11.89
2-Week 11.65 12.10 12.05 12.15 11.99
1-Month 11.80 12.10 12.10 12.15 12.04
2-Months 11.90 12.10 12.10 12.15 12.06
3-Months 12.00 12.15 12.15 12.20 12.13
4-Months 12.00 12.20 12.15 12.25 12.15
5-Months 12.00 12.25 12.15 12.30 12.18
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 showed stability and stayed unchanged on buying side while it improved its value by ten-paisa on selling side in relation to the dollar in the open currency market on Saturday.
According to the currency dealers, the dollar's demand could not remain intact that helped rupee appreciation in the open market. Finally, the dollar was ended at Rs 84.50 and Rs 84.70 against the overnight closing of Rs 84.50 and Rs 84.80, respectively.
Likewise, the rupee recovered some of its earlier loss and appreciated its worth against the pound sterling.
The pound was traded at Rs 127.20 and Rs 128.00 as its buying and selling rates, as compared to Friday closing f Rs 127.70 and Rs 128.30, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 83.80 (buying) and Rs 83.90 (selling) against the last rate. It did not observe further change in the last trading hour and closed at Rs 83.80 (buying) and Rs 83.90 (selling).
Pound Sterling opened at Rs 123.30 (buying) and Rs 124.30 (selling) against the previous rate. It did not observe further change in the second session and closed at Rs 123.30 (buying) and Rs 124.30 (selling).
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