The rupee could not retain its firmness against the US currency in the interbank market on Saturday, falling six paisa for buying and selling at 62.66 and 62.68, money experts said. They said that during the third quarter of the current fiscal year, payments turned costlier just because of higher oil prices in the international market.
In the New York market, dollar rebounded at the week-end from record lows as a Federal Reserve liquidity injection fueled some speculation the central bank might hold off on cutting interest rates aggressively even after a sharp contraction in US payrolls.
OPEN MARKET RATES: The rupee, however, maintain its commanding position in terms of dollar, gaining 10 paisa for buying and selling at 62.70 and 62.80, dealers said. The rupee also followed suit versus euro, rising 30 paisa for buying and selling at Rs 95.80 and 95.90, they said.
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Open Buying Rs 62.70
Open Selling Rs 62.80
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Saturday.
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Buying Rs 62.66
Selling Rs 62.68
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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 7.25 9.75 7.75 10.00 8.69
1-Week 9.00 9.40 9.25 9.50 9.29
2-Weeks 9.25 9.50 9.35 9.60 9.43
1-Month 9.40 9.60 9.55 9.70 9.56
2-Months 9.40 9.60 9.55 9.75 9.58
3-Months 9.45 9.65 9.55 9.75 9.60
4-Months 9.50 9.65 9.65 9.75 9.64
5-Months 9.50 9.75 9.65 9.80 9.68
6-Months 9.55 9.75 9.70 9.90 9.73
9-Months 9.60 9.80 9.70 9.90 9.75
1-Year 9.65 9.80 9.75 9.90 9.78
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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 7.75 10.00 8.00 10.25 9.00
1-Week 9.25 9.75 9.50 10.00 9.63
2-Weeks 9.50 9.85 9.75 10.00 9.78
1-Month 9.80 10.25 10.00 10.40 10.11
2-Months 9.75 10.25 10.00 10.50 10.13
3-Months 9.75 10.30 10.00 10.50 10.14
4-Months 9.85 10.35 10.00 10.50 10.18
5-Months 9.90 10.40 10.20 10.50 10.25
6-Months 10.00 10.40 10.25 10.50 10.29
9-Months 10.00 10.50 10.25 10.60 10.34
1-Year 10.10 10.50 10.30 10.60 10.38
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RUPEE IN LAHORE: The rupee has marginally improved by five paisa against the dollar which still fails to keep its overnight closing level and depreciated against the local currency.
The dollar on Saturday traded at Rs 62.70 and Rs 62.80 against the Friday's closing level of Rs 62.75 and Rs 62.85 on buying and selling sides.
The rupee remains under pressure and closed lower against the pound whose buying rate improved from the previous closing of Rs 125.50 to Rs 125.70 while its selling rate moved up from Rs 125.90 to Rs 126.10.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi on Saturday.
The dollar opened at Rs 62.75 (buying) and Rs 62.85 (selling) against the last rate. It did not observe any change in the evening session and closed at Rs 62.75 (buying) and Rs 62.85 (selling).
Pound Sterling opened at Rs 124.00 (buying) and Rs 124.50 (selling) against the last rate. It did not observe any change in the second session and closed at Rs 124.00 (buying) and Rs 124.50 (selling).
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