Declining trend persisted in the open market on Saturday as the rupee shed four paisa for selling versus the dollar at 60.46 and it dropped by five paisa for selling at Rs 60.52 on rising demand for the greenback, dealers said.
The rupee fluctuated slightly during the day and it seems that the rupee-dollar parity rates might move both ways in the coming days, they said. The rupee gained 31 paisa versus the euro for buying and selling at Rs 76.70 and Rs 76.80 in modest business, moneychangers said.
In the world markets, the dollar improved versus the euro and it depicted slight changes versus the yen, they added.
OPEN MARKET RATES: The rupee did not move any side versus the dollar for buying at 60.20 while it shed three paisa for selling at 60.25, dealers said.
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Buying Rs 60.46
Selling Rs 60.52
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Saturday.
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Buying Rs 60.20
Selling Rs 60.25
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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 8.25 8.00 8.50 8.13
1-Week 8.25 8.60 8.40 8.75 8.50
2-Weeks 8.25 8.50 8.35 8.70 8.45
1-Month 8.50 8.75 8.65 8.75 8.66
2-Months 8.50 8.75 8.65 8.80 8.68
3-Months 8.55 8.75 8.65 8.80 8.69
4-Months 8.65 8.75 8.75 8.80 8.74
5-Months 8.65 8.75 8.75 8.80 8.74
6-Months 8.65 8.75 8.80 8.85 8.76
9-Months 8.70 8.80 8.80 8.90 8.80
1-Year 8.75 8.80 8.85 8.90 8.83
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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 8.00 8.50 8.25 8.75 8.38
1-Week 8.50 8.90 8.75 9.25 8.85
2-Weeks 8.60 9.00 8.90 9.25 8.94
1-Month 8.90 9.10 9.10 9.40 9.13
2-Months 9.00 9.50 9.25 9.60 9.34
3-Months 9.25 9.60 9.50 9.75 9.53
4-Months 9.30 9.50 9.50 9.75 9.51
5-Months 9.35 9.60 9.50 9.80 9.56
6-Months 9.35 9.60 9.55 9.80 9.58
9-Months 9.50 10.00 9.80 10.25 9.89
1-Year 9.60 10.00 9.80 10.25 9.91
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RUPEE IN LAHORE: The rupee failed to maintain upward trend and registered loss of 12-paisa in relation to the greenback in the local currency markets on Saturday.
According to the currency dealers, following surge in the dollar's demand value of the local currency went down on the weekend. The dollar resumed trading at Rs 60.44 and Rs 60.54 as its buying and selling rates, respectively. With the expansion of demand, the dollar moved up and closed at Rs 60.47 and Rs 60.57 on buying and selling sides, respectively, as against Friday's closing rates of Rs 60.35 and Rs 60.45, the dealers added.
However, the rupee closed higher against pound sterling after appreciation in its value. The pound's buying rate declined from overnight closing rate of Rs 112.75 to Rs 112.10 while selling rate moved down from Rs 112.95 to Rs 112.40, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged in the local kerb markets of Islamabad and Rawalpindi on Saturday.
The dollar opened at Rs 60.40 (buying) and Rs 60.50 (selling) against the last rate. It did not witness any change in evening session and closed at Rs 60.40 (buying) and Rs 60.50 (selling).
Pound sterling opened at Rs 113.25 (buying) and Rs 113.50 (selling) against the last rate. It did not witness any further fluctuation by the end of the evening session and closed at Rs 113.25 (buying) and Rs 113.50 (selling).
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