The euro after touching the new high on the globe versus dollar crossed the mark of Rs 87 in the open market on Saturday, dealers said. The rupee lost 38 paisa against euro at Rs 86.97 and Rs 87.08 in process of trading, they said.
The rupee shed two paisa against dollar at Rs 60.70 for buying while it did not show any change for selling at Rs 60.75, they said. In the final session at the weekend, dollar edged closer to an all-time low against euro as poor US data on durable goods orders and new home sales the previous day reinforced expectations for a Federal Reserve rate cut next week.
The yen slipped as Asian stock markets pushed higher, warming demand for risky trades that involve selling yen, while a jump in gold and oil prices pushed the Australian dollar to a nearly 24-year peak against the US dollar.
INTERBANK MARKET RATES: The rupee managed to hold its overnight levels against the dollar for buying and selling at Rs 60.70 and Rs 60.72 respectively, they said.
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Open Buying Rs 60.70
Open Selling Rs 60.75
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Saturday.
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Buying Rs 60.70
Selling Rs 60.72
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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 9.50 9.85 9.60 9.90 9.71
1-Week 9.50 9.65 9.65 9.75 9.64
2-Weeks 9.45 9.50 9.50 9.60 9.51
1-Month 9.30 9.45 9.35 9.50 9.40
2-Months 9.25 9.45 9.35 9.50 9.39
3-Months 9.25 9.45 9.35 9.50 9.39
4-Months 9.30 9.40 9.35 9.50 9.39
5-Months 9.30 9.45 9.35 9.55 9.41
6-Months 9.30 9.45 9.35 9.55 9.41
9-Months 9.35 9.45 9.40 9.55 9.44
1-Year 9.35 9.50 9.40 9.60 9.46
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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 9.75 9.95 9.80 10.00 9.88
1-Week 9.60 9.90 9.75 10.00 9.81
2-Weeks 9.55 9.85 9.65 9.90 9.74
1-Month 9.40 9.75 9.50 9.80 9.61
2-Months 9.45 9.75 9.55 9.80 9.64
3-Months 9.45 9.75 9.50 9.80 9.63
4-Months 9.50 9.75 9.60 9.80 9.66
5-Months 9.50 9.90 9.65 9.90 9.74
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 declined by 10 paisa against the greenback in the open currency market on Saturday.
The dollar, soon after trading began, started improving because of its appreciation internationally. After the trading ended, the dollar closed higher at 60.70 and Rs 60.80 against Friday's closing of Rs 60.60 and Rs 60.70 on buying and selling sides.
The rupee maintained a downward trend and further moved down against the pound sterling and closed at Rs 124.00 and Rs 124.40 against overnight closing of Rs 123.75 and Rs 124.10.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rates of dollar against the rupee remained unchanged at the currency markets of Islamabad and Rawalpindi on Saturday.
The dollar opened at Rs 60.60 (buying) and Rs 60.70 (selling) against same previous rate. It did not show any change in the evening session and closed at Rs 60.60 (buying) and Rs 60.70 (selling).
Pound sterling opened at Rs 123 (buying) and Rs 123.20 (selling) against same previous rate. It did not observe any change in the evening session and closed at Rs 123 (buying) and Rs 123.20 (selling).
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