Sliding trend was seen on the interbank market on Monday as the rupee fell by 15 paisa against dollar for buying and selling at 67.65 and 67.75, money experts said. Strong demand for dollars pushed the rupee down and it is most likely that the rupee may continue its fall ahead of budget 2008-09 and before the end of the fiscal year, they said.
In the first session of the Asian trade, dollar rose against yen, rebounding from a sharp fall late last week when data showing an unexpectedly big jump in the US jobless rate revived fears of a deeper and more prolonged economic downturn. The euro also climbed to a five-month high against yen as investors shifted their focus to euro zone's widening interest rate advantage compared with Japan, helping to lift dollar versus yen.
OPEN MARKET RATES: The rupee was in commanding position, showing no change in its week-end level against dollar for buying and selling at 68.20 and 68.40, they said. The rupee shed five paisa in terms of euro for buying and selling at Rs 106.85 and Rs 106.95, dealers said
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Open Buying Rs 68.20
Open Selling Rs 68.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Monday.
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Buying Rs 67.65
Selling Rs 67.75
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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 8.50 10.75 9.00 11.00 9.81
1-Week 9.50 10.00 9.90 10.25 9.91
2-Week 9.75 10.25 10.00 10.50 10.13
1-Month 10.50 11.00 10.75 11.25 10.88
2-Months 10.75 11.00 11.00 11.25 11.00
3-Months 10.90 11.25 11.15 11.30 11.15
4-Months 11.00 11.30 11.25 11.40 11.24
5-Months 11.00 11.40 11.30 11.50 11.30
6-Months 11.25 11.50 11.40 11.60 11.44
9-Months 11.25 11.50 11.50 11.65 11.48
1-Year 11.25 11.50 11.50 11.70 11.49
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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 12.00 10.50 13.00 11.25
Week 10.50 12.00 11.00 13.00 11.63
Week 10.75 12.50 11.00 13.50 11.94
Month 11.50 13.00 12.50 14.00 12.75
Months 12.50 14.50 13.50 15.00 13.88
Months 13.00 14.50 14.50 15.00 14.25
Months 13.50 14.75 14.00 15.50 14.44
Months 13.75 14.50 14.25 15.00 14.38
Months 14.00 14.50 14.50 15.00 14.50
Months 14.00 14.50 14.50 15.00 14.50
Year 14.25 14.75 14.75 15.25 14.75
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RUPEE IN LAHORE: The rupee lost 20 paisa against dollar for buying at Rs 68.20 and 10 paisa for selling at Rs 68.50 at Lahore currency market on Monday.
The dollar's trading began at Rs 68.10 and Rs 68.40 as its buying and selling rates but moved up and closed at Rs 68.20 and Rs 68.50 against the previous week closing of Rs 68.00 and Rs 68.40 on the buying and selling sides.
The rupee registered a significant decline against pound sterling whose buying and selling rates improved from last Saturday's closing of Rs 133.00 and Rs 133.70 to Rs 134.40 and Rs 135.00.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar improved by 10 paisa against rupee at the currency markets of Islamabad and Rawalpindi on Monday.
The dollar opened at Rs 68 (buying) and Rs 68.10 (selling) against last rate of Rs 67.90 (buying) and Rs 68 (selling). It did not observe further change in the evening session and closed at Rs 68 (buying) and Rs 68.10 (selling).
Pound sterling opened at Rs 134.30 (buying) and Rs 134.80 (selling) against last rate of Rs 133.50 (buying) and Rs 134 (selling). It did not witness further change in the last trading hours and closed at Rs 134.30 (buying) and Rs 134.80 (selling).
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