The rupee reversed its firmness versus the euro in the open market on Tuesday, losing nearly 95 paisa for buying and selling at Rs 73.30 and Rs 73.60, dealers said. According to the market sources, the single European currency brushed aside its overnight vulnerability after the Luxembourg's approval of the European constitution, which extended the expectations for the EU stability.
Besides, the euro showed its muscle on the dollar's slight fall ahead of the data.
The rupee in the open market did not show any change versus the dollar for buying and selling at 60.45 and 60.50. In the international markets, the dollars moved both ways ahead of the US data, dealers said.
OPEN MARKET RATES: Firmness prevailed in the market as the rupee maintained its overnight level for buying and selling at 59.64 and 59.66, respectively.
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Kerb Buying Rs 60.45
Kerb Selling Rs 60.50
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Tuesday.
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Buying Rs 59.64
Selling Rs 59.66
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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 5.50 7.75 5.50 8.00 6.69
1-Week 6.25 6.50 6.75 7.00 6.63
2-Week 6.75 7.25 7.25 7.50 7.19
1-Month 7.25 7.40 7.65 7.80 7.53
2-Months 7.40 7.60 7.60 7.80 7.60
3-Months 7.50 7.80 7.75 8.00 7.76
4-Months 7.65 7.75 7.75 8.00 7.79
5-Months 7.75 7.90 8.00 8.25 7.98
6-Months 7.80 7.90 8.20 8.30 8.05
9-Months 8.20 8.30 8.40 8.60 8.38
1-Year 8.40 8.45 8.70 8.80 8.59
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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 6.00 8.00 6.50 8.50 7.25
1-Week 6.50 7.00 7.25 7.50 7.06
2-Week 7.25 7.50 7.75 8.00 7.63
1-Month 8.00 8.25 8.25 8.50 8.25
2-Months 8.10 8.30 8.40 8.60 8.35
3-Months 8.25 8.50 8.60 8.90 8.56
4-Months 8.25 8.50 8.60 8.90 8.56
5-Months 8.25 8.50 8.75 9.00 8.63
6-Months 8.50 8.70 9.00 9.25 8.86
9-Months 8.60 8.80 9.00 9.25 8.91
1-Year 8.75 9.00 9.25 9.50 9.13
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RUPEE IN LAHORE: The dollar-rupee parity remained unchanged amid sluggish trading trend in the local currency markets on Tuesday.
According to the currency dealers, there was no change in dollar's demand and supply condition, which helped the local currency maintain its overnight closing levels. The dollar's trading commenced at Rs 60.65 and Rs 60.75 as its buying and selling sides, respectively. During the day's trading, the dollar witnessed fractional change of one-two paisa in its worth but finally closed at the opening rates, the dealers added.
However, the rupee remained under pressure for the second day and depreciated its worth against the pound sterling. The pound's buying rate improved from Monday's closing rate of Rs 105.50 to Rs 106.40, while selling rate moved up from Rs 106.00 to Rs 106.80, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rates of dollar against the rupee remained unchanged at the open currency markets of Islamabad and Rawalpindi on Tuesday.
The dollar opened at Rs 60.45 (buying) and Rs 60.55 (selling) against same last rate. It did not observe any further change in the evening spell and closed at Rs 60.45 (buying) and Rs 60.55 (selling).
Pound sterling opened at Rs 105.10 (buying) and Rs 105.20 (selling) against same last rate. It did not witness any further change and closed at Rs 105.10 (buying) and Rs 105.20 (selling).
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