The rupee did not move any side against the dollar in the inter bank market on at the weekend at 60.39 and 60.40 for buying and selling, respectively.
Smooth supply of dollars enable the rupee to maintain its overnight level in process of trading, dealers said. Money experts said that if the demand increased, the dollar will go up but it appeared that the rupee will recover its gains on easy supply of the US currency.
In the New York market, at the weekend, the dollar slipped at the after a government report showed the US economy added just 92,000 new jobs in July, below the median forecast. The Labour Department reported that 92,000 new jobs were created last month, from a revised 126,000 in June. Wall Street economists were looking for 130,000 new jobs, according to a Reuters poll.
The euro edged up to $1.3708 against the dollar from $1.3695 before the jobs data. Against the yen, the dollar slipped to 118.91 yen from 119.25 yen just before.
OPEN MARKET RATES: The rupee gained two paisa against the dollar for buying at 60.88 and it did not show any change for selling at 60.98, they said.
The rupee continued its decline in relation to the euro for buying and selling at Rs 83.55 and Rs 83.65, they said.
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KERB BUYING Rs 60.88
KERB SELLING Rs 60.98
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Saturday.
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Buying Rs 60.39
Selling Rs 60.40
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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 9.75 9.90 9.90 9.90 9.86
1-Week 9.25 9.35 9.50 9.70 9.45
2-Weeks 9.10 9.20 9.30 9.40 9.25
1-Month 9.15 9.25 9.30 9.40 9.28
2-Months 9.00 9.20 9.20 9.40 9.20
3-Months 9.00 9.25 9.15 9.40 9.20
4-Months 9.10 9.35 9.25 9.50 9.30
5-Months 9.15 9.50 9.30 9.60 9.39
6-Months 9.20 9.60 9.35 9.70 9.46
9-Months 9.25 9.60 9.40 9.70 9.49
1-Year 9.30 9.65 9.40 9.75 9.53
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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 10.00 10.60 10.25 10.75 10.40
1-Week 9.50 9.75 9.75 10.00 9.75
2-Weeks 9.25 9.60 9.50 9.75 9.53
1-Month 9.40 9.75 9.65 9.90 9.68
2-Months 9.40 9.75 9.64 9.90 9.67
3-Months 9.40 9.90 9.90 10.10 9.83
4-Months 9.60 10.00 9.75 10.20 9.89
5-Months 9.65 10.00 9.75 10.25 9.91
6-Months 9.75 10.00 10.00 10.25 10.00
9-Months 10.00 10.25 10.25 10.50 10.25
1-Year 10.00 10.50 10.25 10.75 10.38
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RUPEE IN LAHORE: The rupee-dollar parity remained unchanged amid sluggish trading trend in Lahore currency market on Saturday.Dealers said that dollar resumed at Friday's closing rates of Rs 60.90 and Rs 61.00 on buying and selling sides, respectively. The dollar witnessed fractional change in its value during the trading but finally closed at the opening level, they said.
The rupee showed stability against pound sterling, which was traded at overnight levels of Rs 123.50 and Rs 123.80 on buying and selling counters, respectively, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the currency markets of Islamabad and Rawalpindi on Saturday.
The dollar opened at Rs 60.90 (buying) and Rs 61 (selling) against the same overnight value. It did not observe any change in the second session and closed at Rs 60.90 (buying) and Rs 61 (selling).
Pound sterling opened at Rs 123.30 (buying) and Rs 123.70 (selling) against the previous rate. It did not witness any change in the evening session and closed at Rs 123.30 (buying) and Rs 123.70 (selling).
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