Mixed trend prevailed on the currency market on Tuesday as the rupee played on both the sides, money experts said. In the interbank market, the rupee gained six paisa against dollar for buying at 63.99 and it also rose by eight paisa for selling at 64.02 in process of trading, they said.
The rupee gained strength on easy supply of dollars but it is likely that the rupee to be unable to retain its firmness due to strong demand for dollars to meet the payments, especially for oil, they observed. In the Asian trading dollar steadied against euro during the second session. The yen firmed broadly as a slide in Asian stocks prompted investors to trim risky yen carry trades, in which players use the low-yielding Japanese currency to finance purchases of assets offering higher returns elsewhere.
OPEN MARKET RATES: The rupee failed to sustain its gains, giving up 20 paisa in terms of dollar for buying and selling at 64.70 and 64.80, they said. The rupee, however, fell sharply against euro losing 75 paisa for buying and selling at 102.80 and Rs 102.90, they said.
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Open Buying Rs 64.70
Open Selling Rs 64.80
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Tuesday.
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Buying Rs 63.99
Selling Rs 64.02
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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 10.00 10.40 10.25 10.45 10.28
1-Week 9.75 10.00 10.00 10.20 9.99
2-Weeks 9.65 9.90 9.75 10.00 9.83
1-Month 9.65 9.90 9.70 10.00 9.81
2-Months 9.60 9.85 9.70 9.95 9.78
3-Months 9.65 9.85 9.75 10.00 9.81
4-Months 9.70 10.00 9.80 10.10 9.90
5-Months 9.75 10.00 9.85 10.10 9.93
6-Months 9.75 10.10 9.85 10.20 9.98
9-Months 9.80 10.10 9.90 10.20 10.00
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 10.25 11.00 10.50 11.25 10.75
1-Week 10.25 10.75 10.50 10.85 10.59
2-Weeks 10.00 10.65 10.25 10.75 10.41
1-Month 9.95 10.25 10.20 10.40 10.20
2-Months 9.85 10.25 10.00 10.40 10.13
3-Months 10.00 10.25 10.25 10.50 10.25
4-Months 10.00 10.40 10.25 10.60 10.31
5-Months 10.25 10.75 10.40 11.00 10.60
6-Months 10.25 11.00 10.50 11.25 10.75
9-Months 10.40 11.00 10.60 11.25 10.81
1-Year 10.50 11.00 10.75 11.50 10.94
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RUPEE IN LAHORE: The rupee lost 10 paisa against dollar at Lahore currency market on Tuesday.
The dollar began trading at Rs 65.05 and Rs 65.20 as its buying and selling rates and closed higher at Rs 65.10 and Rs 65.25 against the overnight closing of Rs 65.00 and Rs 65.25 on buying and selling sides. The pound was bought and sold at Rs 128.30 and Rs 128.70 against previous closing of Rs 128.10 and Rs 128.60.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar-rupee parity remained unchanged at the currency markets of Islamabad and Rawalpindi on Tuesday.
The dollar opened at Rs 65 (buying) and Rs 65.10 (selling) against same last rate. It did not observe any change in the evening session and closed at Rs 65(buying) and Rs 65.10 (selling).
Pound sterling opened at Rs 128.40 (buying) and Rs 128.50 (selling) against same previous rate. It did not observe further change in the second session and closed at Rs 128.40 (buying) and Rs 128.50 (selling).
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