The rupee managed to hold its overnight levels against dollar in the interbank market on Tuesday for buying and selling at Rs 60.60 and Rs 60.61, dealers said. Easy supply of dollar enabled the rupee to maintain its levels versus the US currency, they said.
It is expected that the rupee would keep its level versus dollar as the supply is enough to meet the demand by the different banks, they said. In the Asian markets dollar hovered just above its record low against euro as the market awaited fresh economic data for leads on prospects for further US interest rate cuts, dealers said. They said yen was largely unmoved by the Japanese ruling party's choice of moderate veteran Yasuo Fukuda as prime minister, a decision that had been widely expected.
OPEN MARKET RATES: The rupee did not move any side against dollar for buying at Rs 60.63 it, however, shed three paisa for selling at Rs 60.68 , dealers said. The rupee, however, managed to recover against euro, picking up 14 paisa for buying at Rs 84.96 and selling at Rs 85.06,they said.
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Kerb Buying Rs 60.63
Kerb Selling Rs 60.68
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Tuesday.
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Buying Rs 60.60
Selling Rs 60.61
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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 8.50 9.25 8.80 9.40 8.99
1-Week 9.10 9.40 9.30 9.50 9.33
2-Weeks 9.15 9.25 9.30 9.40 9.28
1-Month 9.15 9.35 9.25 9.40 9.29
2-Months 9.15 9.30 9.20 9.35 9.25
3-Months 9.15 9.30 9.25 9.35 9.26
4-Months 9.15 9.35 9.30 9.40 9.30
5-Months 9.20 9.35 9.30 9.40 9.31
6-Months 9.20 9.40 9.30 9.45 9.34
9-Months 9.25 9.40 9.35 9.50 9.38
1-Year 9.25 9.45 9.35 9.50 9.39
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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 8.75 9.50 9.00 9.75 9.25
1-Week 9.25 9.50 9.40 9.60 9.44
2-Weeks 9.25 9.40 9.40 9.50 9.39
1-Month 9.25 9.50 9.40 9.60 9.44
2-Months 9.25 9.60 9.40 9.70 9.49
3-Months 9.30 9.60 9.35 9.75 9.50
4-Months 9.30 9.70 9.50 9.80 9.58
5-Months 9.40 9.90 9.60 10.00 9.73
6-Months 9.60 10.00 9.75 10.10 9.86
9-Months 9.75 10.10 10.00 10.25 10.03
1-Year 9.90 10.25 10.10 10.40 10.16
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RUPEE IN LAHORE: The rupee recovered earlier loss and improved its worth by five paisas against the greenback in the open currency market on Tuesday.
The dollar resumed trading at Rs 60.60 and Rs 60.70 against Monday's closing of Rs 60.65 and Rs 60.75 on buying and selling sides. The rupee is expected to gain strength against the greenback because of increase in its supply this month.
The rupee significantly improved against the pound sterling bought at Rs 121.50 and sold at Rs 122.00 as compares to overnight closing of Rs 122.35 and Rs 122.60.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi on Tuesday.
The dollar opened at Rs 60.60 (buying) and Rs 60.70 (selling) against the previous rate of Rs 60.90 (buying) and Rs 61.00 (selling). It did not observe any change in the evening session and closed at Rs 60.60 (buying) and Rs 60.70 (selling).
Pound sterling opened at Rs 122.50 (buying) and Rs 122.70 (selling) against the last rate. It did not observe any change in the second session and closed at Rs 122.50 (buying) and Rs 122.70 (selling).
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