The rupee extended its overnight losses on the interbank market on Friday, falling six paisa for buying and selling at 62.86 and 62.88, dealers said.
The rupee lost its firmness due to strong demand for dollars. It is expected that the rupee may show mixed trend in terms of the US currency, experts said.
In the Asian trade, dollar crept up against yen on Friday on investors optimism that financial markets may be regaining stability, offsetting worries somewhat about the US economy before a key payrolls report due later in the day.
The Australian dollar fell against the US currency and yen after retail sales data showed an unexpected drop and comments by Australia's central bank governor reinforced a market belief that interest rates may have peaked.
OPEN MARKET RATES: The rupee managed to hold command over the winning spree, gaining five paisa in relation to dollar for buying an selling at 63.30 and 63.40, they said.
The rupee followed the same print, rising five paisa for buying and selling at Rs 98.45 and 99.05, they added.
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Open Buying Rs 63.30
Open Selling Rs 63.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Friday.
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Buying Rs 62.86
Selling Rs 62.88
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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 3.00 10.40 4.00 10.40 6.95
1-Week 8.65 9.00 8.90 9.25 8.95
2-Weeks 9.00 9.25 9.25 9.40 9.23
1-Month 9.20 9.50 9.40 9.70 9.45
2-Months 9.40 9.65 9.50 9.75 9.58
3-Months 9.50 9.65 9.60 9.75 9.63
4-Months 9.60 9.80 9.70 9.90 9.75
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 4.00 10.50 5.00 10.75 7.56
1-Week 9.25 9.75 9.60 10.00 9.65
2-Weeks 9.40 9.75 9.60 9.90 9.66
1-Month 9.60 9.90 9.80 10.10 9.85
2-Months 9.75 10.00 9.90 10.25 9.98
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 shed five paisa for buying and 15 paisa for selling against dollar on Lahore currency market on Friday.The dollar was traded at Rs 63.40 and Rs 63.60 as against Rs 63.35 and Rs 63.45 on its rising demand, dealers said.
The pound sterling was bought at Rs 126.35 and sold at Rs 126.70 versus past day's Rs 125.10 and Rs 125.50.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar was up by 20 paisa against rupee at the currency markets of Islamabad and Rawalpindi on Friday.
The dollar opened at Rs 63.50 (buying) and Rs 63.60 (selling) against last rate of Rs 63.30 (buying) and Rs 63.40 (selling). It did not observe any change in the evening session and closed at Rs 63.50 (buying) and Rs 63.60 (selling).
Pound sterling opened at Rs 126.30 (buying) and Rs 126.40 (selling) against last rate of Rs 125.50 (buying) and Rs 125.70 (selling). It did not observe further change in the second session and closed at Rs 126.30 (buying) and Rs 126.40 (selling).
The buying and selling rates of euro remained at Rs 99.40 (buying) and Rs 99.50 (selling).
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