The rupee shrugged of its overnight weakness in the interbank market on Friday, gaining against dollar five paisa for buying at 67.35 and it also moved up by 10 paisa for selling at 67.40, currency experts said. Expected inflows from the friendly and donor countries helped the rupee to gave up its overnight weakness.
It is also likely that the rupee may see some pressure mainly due to outflows, they added. In the fifth Asian trading session, the dollar dipped against yen as a fall in Tokyo share prices tempered demand for risky carry trades.
The dollar retreated against yen and euro earlier this week on renewed concerns about the US economy. Such worries were stoked by weak economic indicators, including data that showed housing starts plunged to a 17-year low. But dollar gained some reprieve on Thursday as oil plunged nearly $5 and traders said the currency could see more gains, especially against euro, if oil prices decline further.
OPEN MARKET RATES: The rupee shrugged of its overnight slide versus the dollar, gaining 25 paisa for buying at 68.10 and it also rose by 15 paisa for selling at 68.35, they said. The rupee also looked ahead versus euro, rising 25 paisa against the euro for buying and selling at 105.30 and Rs 105.40 as the dollar managed to recover its ground in terms of the of world leading currencies, dealers said.
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Open Buying Rs 68.10
Open Selling Rs 68.35
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Friday.
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Buying Rs 67.35
Selling Rs 67.40
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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 8.00 11.90 8.50 11.95 10.09
1-Week 10.00 10.60 10.50 10.90 10.50
2-Week 10.75 11.00 10.90 11.25 10.98
1-Month 10.90 11.30 11.25 11.40 11.21
2-Months 11.20 11.40 11.40 11.50 11.38
3-Months 11.25 11.40 11.40 11.50 11.39
4-Months 11.30 11.40 11.45 11.50 11.41
5-Months 11.35 11.45 11.45 11.55 11.45
6-Months 11.40 11.50 11.50 11.60 11.50
9-Months 11.45 11.60 11.55 11.70 11.58
1-Year 11.50 11.65 11.60 11.80 11.64
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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 11.00 14.00 12.00 15.00 13.00
1-Week 12.00 15.00 13.00 16.00 14.00
2-Week 12.00 14.50 13.00 15.50 13.75
1-Month 12.00 15.00 13.00 16.00 14.00
2-Months 12.00 15.00 13.00 16.00 14.00
3-Months 13.00 14.50 14.00 15.50 14.25
4-Months 13.00 14.50 14.00 15.50 14.25
5-Months 13.75 14.50 14.25 15.50 14.50
6-Months 14.00 14.75 14.50 15.50 14.69
9-Months 14.25 15.00 14.75 16.00 15.00
1-Year 14.50 15.50 15.00 16.00 15.25
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RUPEE IN LAHORE: The rupee has recovered some of its earlier losses and improved its worth by 15 paisa on the buying side at Rs 68.25 and 10 paisa on the selling side at Rs 68.50.
The dollar on Friday failed to keep rising and closed lower at Rs 68.25 and Rs 68.40 against the overnight closing of Rs 68.40 and Rs 68.60 on the buying and selling sides. The rupee further slipped against the pound sterling traded at Rs 134.40 and Rs 134.80 as compared to Thursday's closing of Rs 134.00 and Rs 134.50 on the buying and selling counters.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar was up by 40 paisa against rupee at the currency markets of Islamabad and Rawalpindi on Friday.
The dollar opened at Rs 68.20 (buying) and Rs 60.30 (selling) against last rate of Rs 67.80 (buying) and Rs 68.10 (selling). It did not observe further change in the evening session and closed at Rs 68.20 (buying) and Rs 60.30 (selling).
Pound sterling opened at Rs 134.50 (buying) and Rs 134.70 (selling) against last rate of Rs 132.80 (buying) and Rs 133 (selling). It did not observe further change in the evening session and closed at Rs 134.50 (buying) and Rs 134.70 (selling).
The buying and selling rates of euro against the rupee remained Rs 106.25 (buying) and Rs 106.50 (selling) in both morning and evening sessions.
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