Minor changes were seen in the rupee value versus dollar on the currency market on Tuesday, dealers said. The rupee fell in relation to dollar for buying and selling at 86.81 and 86.84, they said.
INTERBANK MARKET RATES: There were rising demand for dollars, which pushed the rupee down as banks reopened after three-day holidays but it looks that the rupee may show slight gain in the coming days, they said In the second Asian trade euro edged lower but still held near a six-week high hit the previous day, supported by market expectations for European leaders to come up with broad measures to contain the region's debt crisis at a summit on Wednesday.
European leaders had neared a deal over the weekend on bank recapitalisation, and euro zone officials have said that France and Germany were close to agreement on how to leverage a euro zone rescue fund to stop bond market contagion. Hopes that euro zone leaders would soon decide on a framework to ease the debt crisis have given a boost to risky assets and the euro over the past couple of days.
The dollar was trading against the Indian rupee at Rs 49.82, the US currency was at 3.1260 versus the Malaysian ringgint and it was at 6.3618 in terms of the Chinese yuan. Interbank buy/sell rates for taka against dllar on Tuesday: 76.08-76.13 (previous 75.95-76.10) Call Money Rates: 6.50-9.25 percent (previous 6.50-10.00 percent).
OPEN MARKET RATES: The rupee retained its level in relation to dollar for buying at 87.80 while it gained 10 paisa for selling at 88.00, they said. The rupee picked up 60 paisa in terms of euro for buying and selling at Rs 120.96 and Rs 121.46, they said.
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Open Buying Rs 87.80
Open Selling Rs 88.00
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Open Market Rates: Open Market Rates For Dollar on Tuesday.
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Buying Rs 86.81
Selling Rs 86.84
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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 9.50 11.25 10.00 11.50 10.56
1-Week 11.40 11.50 11.60 11.75 11.56
2-Week 11.50 11.70 11.75 11.85 11.70
1-Month 11.60 11.70 11.75 11.85 11.73
2-Months 11.65 11.75 11.80 11.85 11.76
3-Months 11.65 11.75 11.80 11.85 11.76
4-Months 11.65 11.80 11.80 11.85 11.78
5-Months 11.65 11.80 11.80 11.85 11.78
6-Months 11.65 11.80 11.80 11.85 11.78
9-Months 11.70 11.80 11.80 11.85 11.79
1-Year 11.75 11.85 11.85 11.90 11.84
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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 9.50 11.30 10.00 11.60 10.60
1-Week 11.40 11.55 11.65 11.75 11.59
2-Week 11.60 11.75 11.75 11.85 11.74
1-Month 11.70 11.85 11.80 11.90 11.81
2-Months 11.75 11.85 11.85 11.90 11.84
3-Months 11.80 11.90 11.90 11.95 11.89
4-Months 11.80 11.90 11.90 11.95 11.89
5-Months 11.80 11.90 11.90 12.00 11.90
6-Months 11.85 11.95 11.95 12.00 11.94
9-Months 11.85 12.00 12.00 12.10 11.99
1-Year 11.90 12.00 12.10 12.15 12.04
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RUPEE IN LAHORE: The rupee gained 60 paisa against dollar on buying side and selling side at Lahore currency market on Tuesday.
According to dealers, the dollar closed at Rs 87.00 and Rs 87.50 for buying and selling , respectively against last Saturday's Rs 87.60 and Rs 88.10.
Similarly, the rupee also showed recovery against pound sterling. The pound's buying and selling rates declined to Rs 138.00 and Rs 139.00 from previous Rs 139.00 and Rs 139.50, respectively, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the currency markets of Islamabad and Rawalpindi on Tuesday.
The dollar opened at Rs 87.55 (buying) and Rs 88.05 (selling) against last rate. It did not observe further change in the second session and closed at Rs 87.55 (buying) and Rs 88.05 (selling).
Pound sterling opened at Rs 137.80 (buying) and Rs 137.90 (selling) against same overnight values. It did not observe further change in the evening session and closed at Rs 137.80 (buying) and Rs 137.90 (selling).
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