The rupee moved slightly versus the dollar in the interbank market on Wednesday, slipping one paisa for buying and selling at 60.29 and 60.30, respectively. Persisting demand for dollars propelled the banks to buy the greenback from the open market to meet the short-term demand, market-men said.
In the world markets, the dollar showed mixed trend against the leading currencies ahead of the Bank of Japan (BoJ) policy meeting and the US trade data, which may show negative trend in the US trade deficit, money experts said.
OPEN MARKET RATES: The rupee lost three paisa against the dollar for buying and selling at 60.70 and 60.75 due to good demand for the greenback, they said. The rupee followed suit and was down by 30 paisa against the euro for buying and selling at Rs 77.25 and Rs 77.35, they said.
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Buying Rs 60.70
Selling Rs 60.75
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Wednesday.
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Buying Rs 60.29
Selling Rs 60.30
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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 8.25 4.00 8.50 6.06
1-Week 7.00 7.50 7.60 7.75 7.46
2-Weeks 7.25 7.75 7.50 7.90 7.60
1-Month 7.60 8.00 7.90 8.25 7.94
2-Months 8.15 8.30 8.25 8.40 8.28
3-Months 8.25 8.50 8.35 8.50 8.40
4-Months 8.30 8.55 8.40 8.65 8.48
5-Months 8.40 8.55 8.50 8.70 8.54
6-Months 8.40 8.65 8.50 8.70 8.56
9-Months 8.50 8.70 8.65 8.80 8.66
1-Year 8.70 8.80 8.75 8.85 8.78
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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 4.00 8.50 4.50 8.75 6.44
1-Week 7.50 8.00 7.75 8.25 7.88
2-Weeks 7.75 8.10 7.90 8.25 8.00
1-Month 8.25 8.75 8.50 9.00 8.63
2-Months 8.60 9.25 8.90 9.40 9.04
3-Months 8.75 9.25 9.15 9.50 9.16
4-Months 8.90 9.40 9.25 9.60 9.29
5-Months 9.00 9.40 9.25 9.60 9.31
6-Months 9.10 9.50 9.25 9.60 9.36
9-Months 9.25 9.75 9.60 10.00 9.65
1-Year 9.50 9.75 9.75 10.25 9.81
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RUPEE IN LAHORE: The dollar-rupee parity remained unchanged amid sluggish trading trend in the local currency markets on Wednesday.
According to the currency dealers, there was no change in dollar's demand and supply condition, which helped the local currency maintain previous closing levels. The dollar's trading commenced at Tuesday's closing rates of Rs 60.75 and Rs 60.85 as its buying and selling rates, respectively. The dollar witnessed fractional change in its worth during the day's trading but finally closed at the opening levels, the dealers added.
However, the local currency failed to maintain upward slide and lost its value against the pound sterling. The British pound was purchased at Rs 111.70 and was sold at Rs 112.00 as compared to Rs 111.30 and Rs 111.80 of Tuesday, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar surged by 10 paisa against the rupee at the local currency exchange establishments of Islamabad and Rawalpindi on Wednesday.
The dollar opened at Rs 60.70 (buying) and Rs 60.80 (selling) against last rate of Rs 60.60 (buying) and Rs 60.70 (selling). Ever-favorite greenback did not observe any further change by the end of evening session and closed at Rs 60.70 (buying) and Rs 60.80 (selling).
Pound sterling opened at Rs 111.60 (buying) and Rs 111.90 (selling) against last rate of Rs 111.40 (buying) and Rs 111.60 (selling). The British currency did not observe any further change by the end of second session and closed at Rs 111.60 (buying) and Rs 111.90 (selling).
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