The rupee shed one paisa versus the dollar in the interbank market for buying and selling at 59.46 and 59.47, dealers said on Thursday. The marginal demand for dollars helped the rupee maintain its firmness in terms of the greenback, they added. The dollar improved versus the major currencies in the world markets, money experts said. Commenting on the steadier trend in the rupee's value, they said that the frequent supply of dollars by the State Bank of Pakistan (SBP) saved the local currency from sharp slide.
OPEN MARKET RATES: Range-bound trading was seen in open market as the rupee retained its overnight rate versus the dollar for buying at 59.95, while it gained five paisa for selling at 60.00, dealers said.
The rupee shed 10 paisa in relation to the euro for buying and selling at Rs 77.35 and Rs 77.65, respectively.
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Kerb Buying Rs 59.95
Kerb Selling Rs 60.00
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Thursday.
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Buying Rs 59.46
Selling Rs 59.47
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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 0.50 4.00 1.50 6.00 3.00
1-Week 5.00 5.75 5.75 6.00 5.63
2-Week 5.00 5.25 5.50 6.00 5.44
1-Month 5.40 5.85 6.00 6.50 5.94
2-Months 5.50 6.25 6.50 6.75 6.25
3-Months 6.25 6.50 6.75 7.00 6.63
4-Months 6.50 7.00 6.75 7.50 6.94
5-Months 6.75 7.25 7.25 7.75 7.25
6-Months 6.75 7.25 7.50 8.00 7.38
9-Months 6.90 7.40 7.60 8.00 7.48
1-Year 7.25 7.75 8.00 8.25 7.81
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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 1.50 5.00 2.00 7.00 3.88
1-Week 6.00 6.75 6.75 7.00 6.63
2-Week 5.75 6.00 6.25 6.75 6.19
1-Months 5.90 6.35 6.50 7.00 6.44
2-Months 6.00 6.75 7.00 7.25 6.75
3-Months 7.25 7.50 7.75 8.00 7.63
4-Months 7.50 8.00 7.75 8.50 7.94
5-Months 7.75 8.25 8.25 8.75 8.25
6-Months 7.75 8.25 8.50 9.00 8.38
9-Months 7.90 8.40 8.60 9.00 8.48
1-Year 8.25 8.75 9.00 9.25 8.81
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RUPEE IN LAHORE: The rupee marginally recovered some of its loss and improved its worth by three paisa on the buying side and five paisa on the selling side in relation to the greenback in the local currency market on Thursday.
According to the currency dealers, the dollar resumed trading at overnight closing level of Rs 59.95 and Rs 60.05 as its buying and selling rates, respectively. In the absence of buying support, the dollar could not sustain and declined to Rs 59.92 and Rs 60.00 on the buying and selling counters, respectively.
"However, the rupee could not maintain upward slide and registered loss against the pound sterling. The pound's buying rate improved from Wednesday's closing level of Rs 114.00 to Rs 114.10 while its selling rate remained unchanged at overnight closing level of Rs 114.40," the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi on Thursday.
The dollar opened at Rs 59.90 (buying) and Rs 60 (selling) against same last rate. It did not observe any further change in the second spell and closed at Rs 59.90 (buying) and Rs 60 (selling).
Pound sterling opened at Rs 113.80 (buying) and Rs 114 (selling) against last rate of Rs 114 (buying) and Rs 114.20 (selling). It did not observe any change in the second session and closed at Rs 113.80 (buying) and Rs 114 (selling).
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