The rupee-dollar parity rates moved both ways in the currency market on Monday, dealers said. In the interbank dealings, the rupee rose by 12 paisa against dollar for buying at 62.68 and by 10 paisa for selling at 62.72, they said.
In the final session, the dollar fell against the yen in NY trade as investors worried that the credit crisis, that has fractured the US financial sector, was far from over, pushing stocks lower.
The drop in US shares and concerns, that the credit crunch would make the funding of current account deficits difficult, took some edge off the British pound and New Zealand and Australian dollars.
OPEN MARKET RATES: In the open market, the rupee lost five paisa against dollar for buying and selling at 63.15 and 63.25, respectively, dealers said. The rupee lost 25 paisa versus euro for buying and selling at 99.55 and 99.65, they said.
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Open Buying Rs 63.15
Open Selling Rs 63.25
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Monday.
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Buying Rs 62.68
Selling Rs 62.72
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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 5.50 10.40 6.00 10.40 8.08
1-Week 8.90 9.30 9.10 9.40 9.18
2-Weeks 9.15 9.40 9.25 9.50 9.33
1-Month 9.25 9.50 9.40 9.60 9.44
2-Months 9.50 9.75 9.60 9.85 9.68
3-Months 9.55 9.75 9.65 9.85 9.70
4-Months 9.65 9.80 9.75 9.90 9.78
5-Months 9.65 9.90 9.75 10.00 9.83
6-Months 9.70 9.90 9.80 10.00 9.85
9-Months 9.75 10.00 9.90 10.10 9.94
1-Year 10.00 10.15 10.10 10.25 10.13
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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 6.00 10.40 6.50 10.50 8.35
1-Week 9.25 9.75 9.75 10.00 9.69
2-Weeks 9.40 9.75 9.60 10.00 9.69
1-Month 9.50 10.00 9.75 10.25 9.88
2-Months 9.75 10.00 10.00 10.25 10.00
3-Months 9.85 10.25 10.00 10.40 10.13
4-Months 9.85 10.25 10.00 10.40 10.13
5-Months 10.00 10.40 10.25 10.50 10.29
6-Months 10.00 10.40 10.25 10.50 10.29
9-Months 10.25 10.50 10.50 10.75 10.50
1-Year 10.25 10.75 10.50 11.00 10.63
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RUPEE IN LAHORE: The rupee remained under pressure against dollar but gained strength against pound sterling at Lahore currency market on Monday.The dollar resumed trading at Rs 63.15 and Rs 63.25 as its buying and selling rates and then started moving up and finally closed at Rs 63.20 and Rs 63.30 against last Saturday's closing of Rs 63.10 and Rs 63.25.
The rupee improved against pound sterling which was traded at Rs 125.00 and Rs 125.50 as compared to previous week's closing of Rs 125.80 and Rs 126.30 on buying and selling counters.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar was up by 10 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi on Monday.
It opened at Rs 63.20 (buying) and Rs 63.30 (selling) against the last rate of Rs 63.10 (buying) and Rs 63.20 (selling). It did not observe any change in the evening session and closed at Rs 63.20 (buying) and Rs 63.30 (selling).
Pound Sterling opened at Rs 125.50 (buying) and Rs 125.70 (selling) against the last rate of Rs 125.80 (buying) and Rs 125.90 (selling). It did not observe further change in the second session and closed at Rs 125.50 (buying) and Rs 125.70 (selling).
The buying and selling rates of the euro were Rs 99.60 (buying) and Rs 99.80 (selling) in both the morning and evening sessions.
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