The rupee fluctuated slightly in terms of dollar and euro on the currency market on Saturday, dealers said. The rupee gained eight paisa against dollar for buying at 85.48 and rose by six paisa for selling at 85.54, they said.
INTERBANK MARKET RATES: At the weekend euro headed for its best week in more than 1-1/2 years and could extend gains next week after successful securities auctions by indebted euro zone members calmed fears of a credit crisis in the region. The euro was last seen at $1.3374, up 3.8 percent this week and edging closer to key resistance at $1.35. Analysts said the recovery could continue in the near term, though gains above $1.35 may be difficult given nervousness over large debt supply from weaker euro zone economies in 2011.
OPEN MARKET RATES: The rupee shed five paisa versus the US currency for buying at 85.95 while it showed no change for selling at 86.10, they added. The rupee continued its slide, trimming its losses after losing 10 paisa for buying and selling at Rs 114.55 and Rs 115.05, they said.
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Open Buying Rs 85.90
Open Selling Rs 86.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Saturday.
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Buying Rs 85.48
Selling Rs 85.54
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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 13.75 13.00 13.90 13.35
1-Week 11.70 12.90 12.85 13.00 12.61
2-Week 11.75 12.90 12.95 13.00 12.65
1-Month 11.90 12.90 12.95 13.00 12.69
2-Months 12.25 13.10 13.00 13.20 12.89
3-Months 12.70 13.15 13.15 13.30 13.08
4-Months 12.70 13.20 13.20 13.30 13.10
5-Months 12.75 13.25 13.25 13.40 13.16
6-Months 13.25 13.45 13.30 13.50 13.38
9-Months 13.25 13.60 13.60 13.75 13.55
1-Year 13.35 13.65 13.70 13.80 13.63
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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 13.75 13.00 13.90 13.35
1-Week 12.25 12.95 12.90 13.10 12.80
2-Week 12.25 13.10 13.00 13.25 12.90
1-Month 12.40 13.20 12.95 13.25 12.95
2-Months 12.75 13.25 13.25 13.40 13.16
3-Months 12.90 13.40 13.25 13.50 13.26
4-Months 12.90 13.50 13.30 13.60 13.33
5-Months 13.00 13.50 13.40 13.75 13.41
6-Months 13.30 13.70 13.65 13.90 13.64
9-Months 13.30 13.75 13.70 13.90 13.66
1-Year 13.40 13.80 13.75 13.90 13.71
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RUPEE IN LAHORE: The Pak rupee remained under pressure and lost 10-paisa in relation to the dollars and improved its worth on account of fresh buying support. The dollar was purchased and sold at Rs 86.10 and Rs 86.30, as compared to overnight closing rates of Rs 86.00, and Rs 86.20, respectively, the dealers added.
Likewise, the local currency showed strength and appreciated its worth against the pound sterling. The pound was purchased and sold at Rs 135.50 and Rs 136.50, as compared to overnight closing rates of Rs 135.20 and Rs 136.00, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the currency markets of Islamabad and Rawalpindi on Saturday.
The dollar resumed trading at Rs 85.50 (buying) and Rs 85.80 (selling) against last rate of Rs 86.20 (buying) and Rs 86.30 (selling). It did not observe further change in the evening session and closed at Rs 85.50 (buying) and Rs 85.80 (selling). Pound sterling opened at Rs 136.30 (buying) and Rs 136.70 (selling) in the morning session. It did not observe further change in the last trading hours and closed at Rs 136.30 (buying) and Rs 136.70 (selling).
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