The rupee on Tuesday lost five paisa in relation to dollar in the interbank market for buying and selling at Rs 57.73 and Rs 57.75, respectively, on increased demand for the greenback, dealers said.
Year-end payments did not allow the rupee to sustain its steadier trend in terms of dollar, currency experts said.
In the coming days, the rupee is likely to continue its slide on banks' continued dollars demand for payments, they added.
The dollar held its firmness versus the yen in the international markets, they said.
OPEN MARKET RATES: The rupee shed five paisa in relation to euro for buying and selling at Rs 70.75 and Rs 71.05, dealers said.
The rupee extended its overnight weakness, falling seven paisa versus dollar for buying and selling at Rs 58.30 and Rs 58.40 on excessive buying of dollars by interbank market, moneychangers said.
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Kerb Buying Rs 58.30
Kerb Selling Rs 58.40
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INTERBANK CLOSING RATES: Interbank Closing Rates For Dollar On Tuesday.
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Buying Rs 57.73
Selling Rs 57.75
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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 3.50 5.50 4.00 6.00 4.75
1-Week 3.50 4.00 4.50 5.00 4.25
2-Week 3.25 3.50 3.75 4.00 3.63
1-Month 3.75 4.00 4.25 4.50 4.13
2-Months 3.50 3.75 4.00 4.25 3.88
3-Months 3.50 3.75 4.00 4.25 3.88
4-Months 3.50 3.75 4.00 4.25 3.88
5-Months 3.50 3.75 4.00 4.25 3.88
6-Months 3.50 3.75 4.00 4.25 3.88
9-Months 3.75 4.00 4.25 4.50 4.13
1-Year 4.00 4.25 4.50 4.75 4.38
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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 4.50 5.50 4.75 5.75 5.13
1-Week 3.75 4.00 4.25 4.50 4.13
2-Week 3.50 3.75 4.00 4.25 3.88
1-Month 4.00 4.25 4.50 4.75 4.38
2-Month 3.75 4.00 4.25 4.50 4.13
3-Month 3.75 4.00 4.25 4.50 4.13
4-Month 3.75 4.00 4.25 4.50 4.13
5-Month 3.75 4.00 4.25 4.50 4.13
6-Month 3.75 4.00 4.25 4.50 4.13
9-Month 4.00 4.25 4.50 4.75 4.38
1-Year 4.25 4.50 4.75 5.00 4.63
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RUPEE IN LAHORE: The rupee maintained downward trend and lost 15 paisa in relation to the greenback in the local currency market on Tuesday.
The dollar's demand remained intact, which appreciated its worth against the local currency.
The dollar resumed trading at Rs 58.20 and Rs 58.30 as its buying and selling rates, respectively. As a result of expansion in dollar's demand, its rate moved up and finally closed at Rs 58.25 and Rs 58.35 against Monday's closing of Rs 58.10 and Rs 58.20 on buying and selling sides, respectively, the currency dealers said.
Likewise, the local currency remained under pressure and registered decline in its worth against the pound sterling.
The pound was purchased at Rs 106.70 and was sold at Rs 107.00 as compared to overnight closing rates of Rs 106.20 and Rs 106.52 respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rates of dollar against rupee remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 58 (buying) and Rs 58.10 (selling) against same last rate. It did not observe any further change in the second session and closed at Rs 58 (buying) and Rs 58.10 (selling).
Pound sterling opened at Rs 106 (buying) and Rs 106.20 (selling) against same previous rate. British currency did not observe any further change in the evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Canadian dollar opened at Rs 42.30 (buying) and Rs 42.40 (selling) against same previous rate. Canadian currency did not observe any further change in the second spell and closed at Rs 42.30 (buying) and Rs 42.40 (selling).
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