Firmer trend was witnessed in the interbank market on Tuesday as the rupee mostly held its overnight level for buying and selling at 59.85 and 58.86, dealers said. The rupee has managed to hold its last levels amid balanced demand and supply position, they said.
In the world markets, the dollar moved both ways versus the leading currencies, they added. The dollar gained versus the euro as political uncertainty continued to roil Germany after election. The polls failed to produce a clear winner between the Social Democrats and the opposition Christian Democrats.
In the Asian trading, it drifted lower as worries over resurgent oil prices weighed against expectations of an increase in the US interest rates, dealers said.
OPEN MARKET RATES: The rupee maintained its overnight level versus the dollar for buying and selling at 60.10 and 60.20 in thin business, dealers said.
The rupee posted fresh gain of 10 paisa versus the euor for buying and selling at Rs 72.80 and Rs 72.90, they said.
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Kerb Buying Rs 60.10
Kerb Selling Rs 60.20
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Tuesday.
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Buying Rs 59.85
Selling Rs 59.86
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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 7.75 8.75 8.00 8.90 8.35
1-Week 8.10 8.25 8.40 8.50 8.31
2-Week 8.10 8.30 8.50 8.60 8.38
1-Month 7.90 8.10 8.20 8.30 8.13
2-Months 7.90 8.20 8.10 8.30 8.13
3-Months 7.90 8.15 8.10 8.30 8.11
4-Months 8.00 8.25 8.20 8.40 8.21
5-Months 8.10 8.30 8.30 8.50 8.30
6-Months 8.20 8.35 8.30 8.50 8.34
9-Months 8.25 8.50 8.40 8.60 8.44
1-Year 8.45 8.65 8.70 8.80 8.65
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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 8.25 8.90 8.50 9.25 8.73
1-Week 8.25 8.60 8.50 9.00 8.59
2-Week 8.30 8.75 8.50 9.00 8.64
1-Month 8.25 8.75 8.50 9.25 8.69
2-Months 8.30 8.75 8.75 9.00 8.70
3-Months 8.40 9.00 8.60 9.25 8.81
4-Months 8.40 9.00 8.50 9.25 8.79
5-Months 8.40 9.00 8.80 9.35 8.89
6-Months 8.50 9.25 8.75 9.50 9.00
9-Months 8.75 9.40 9.20 9.60 9.24
1-Year 9.00 9.50 9.60 9.75 9.46
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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 the dollar's demand and supply situation, which helped the local currency maintain its overnight closing levels. The dollar's trading commenced at Monday's levels of Rs 60.10 and Rs 60.20 on buying and selling counters, respectively.
During the day's trading, the dollar witnessed marginal fluctuation in its value but finally closed at the opening levels, the dealers added.
On the contrary, the rupee remained depressed and registered loss against the pound sterling. The British pound was purchased at Rs 108.00 and was sold at Rs 108.50 as compared to Rs 107.90 and Rs 108.40 of Monday, 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 59.90 (buying) and Rs 60 (selling) against same last rate. It did not observe any change in the second session and closed at Rs 59.90 (buying) and Rs 60 (selling).
Pound sterling opened at Rs 108 (buying) and Rs 108.40 (selling) against same overnight value. It did not observe any change in the second session and closed at Rs 108 (buying) and Rs 108.40 (selling).
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