The rupee gave up it weekend's firmness versus dollar in the interbank market on Monday, losing 60 paisa for buying at 66.90 and it also lost 50 piasa for selling at 67.00, dealers said. They attributed the fall in the rupee to higher demand by the importers to make e payments amid short supply of the US currency due to market closure.
It is expected that the rupee would recover its gains after the improvement of supply of dollar, they said. In the first session of the Asian markets, dollar was boosted by gains against the Australian dollar and pound, though many investors waited for US data this week to see if the reports reinforce expectations for higher interest rates.
The Aussie dollar fell on data showing that Australian retail sales unexpectedly fell, prompting investors to see less risk of the country's central bank lifting rates further from the already steep 7.25 percent.
OPEN MARKET RATES: Bullish sentiment was seen on the open market as the rupee gained 10 paisa against the dollar for buying and selling at 67.40 and 67.50, they said. The rupee followed the same pattern, gaining Rs 3.16 in relation to euro for buying and selling at 104.51 and 104.61, they said.
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Open Buying Rs 67.40
Open Selling Rs 67.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Monday.
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Buying Rs 66.90
Selling Rs 67.00
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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 9.00 11.90 9.50 11.95 10.59
1-Week 10.75 11.25 11.10 11.50 11.15
2-Week 10.50 11.00 10.75 11.25 10.88
1-Month 10.25 10.60 10.60 11.00 10.61
2-Months 10.75 11.25 11.00 11.50 11.13
3-Months 10.75 11.25 11.25 11.40 11.16
4-Months 10.90 11.50 11.25 11.65 11.33
5-Months 11.00 11.50 11.40 11.70 11.40
6-Months 11.25 11.50 11.50 11.75 11.50
9-Months 11.25 11.50 11.50 11.75 11.50
1-Year 11.25 11.50 11.60 11.80 11.54
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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 9.50 17.00 10.00 18.00 13.63
1-Week 11.50 14.00 12.00 15.00 13.13
2-Week 11.00 13.00 11.50 13.50 12.25
1-Month 12.00 13.00 12.50 14.00 12.88
2-Months 12.50 14.50 13.50 15.00 13.88
3-Months 13.00 14.50 14.50 15.00 14.25
4-Months 13.50 14.75 14.00 15.50 14.44
5-Months 13.75 14.50 14.25 15.00 14.38
6-Months 14.00 14.50 14.50 15.00 14.50
9-Months 14.00 14.50 14.50 15.00 14.50
1-Year 14.25 14.75 14.75 15.25 14.75
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RUPEE IN LAHORE: The rupee has lost 25 paisa on the buying side at Rs 67.25 and remained unchanged on the selling side at Rs 68.00.
The dollar showed a marginal recovery and regained some of its earlier losses against the rupee, bought at Rs 67.25 and Rs 68.00 against the last week closing of Rs 67.00 and Rs 68.00 on buying and selling counters.
The rupee continued its last week's rising trend and further improved against the pound sterling declining throughout the day and finally closing at Rs 132.50 and Rs 133.20 against Saturday's closing of Rs 133.50 and Rs 134.50 on the buying and selling counters.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar was up by 50 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi on Monday.
It opened at Rs 67.50 (buying) and Rs 67.60 (selling) against the last rate of Rs 67.00 (buying) and Rs 67.20 (selling). It did not observe any change in the second session and closed at Rs 67.50 (buying) and Rs 67.60 (selling). Pound sterling opened at Rs 137.00 (buying) and Rs 137.10 (selling) against the last rate of Rs 134.00 (buying) and Rs 134.50 (selling). It did not observe any change in the second session and closed at Rs 137.00 (buying) and Rs 137.10 (selling).
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