Sharp fall was seen on the interbank market at the weekend as the rupee fell by 28 paisa against dollar for buying at 71.18 and it also shed 27 paisa for selling at 71.22 due to importers rush for the greenback, dealers said. Strong demand for dollars by the importers forced the rupee to surrender its overnight gains, they said.
At the final session, the US dollar rose against the Japanese yen in New York, after a trio of better-than-expected data injected a dose of optimism about the US economy. The upbeat readings on US durable goods orders, new-home sales, and a rebound in consumer sentiment from a 28-year low allayed some of the recent gloom over the economy and financial markets, sending stocks higher and giving a boost to the beleaguered US currency.
OPEN MARKET RATES: The rupee, however, recovered its lost ground, rising 30 paisa versus the dollar for buying at 70.80 and it also gained 90 paisa for selling at 71.40, they said. It followed the same pattern against euro, inching up 30 paisa for buying at Rs 111.75 and it rose by 20 paisa for selling at 112.00, they added.
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Open Buying Rs 70.80
Open Selling Rs 71.40
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Saturday.
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Buying Rs 71.18
Selling Rs 71.22
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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 11.25 10.50 11.50 10.81
1-Week 10.25 10.75 10.50 11.00 10.63
2-Week 10.75 11.25 11.00 11.50 11.13
1-Month 10.75 11.25 11.00 11.50 11.13
2-Months 11.70 11.80 11.85 11.85 11.80
3-Months 11.80 11.90 11.85 11.95 11.88
4-Months 11.80 11.90 11.85 11.95 11.88
5-Months 11.85 11.90 11.90 12.00 11.91
6-Months 11.90 11.95 11.95 12.00 11.95
9-Months 11.90 11.95 11.95 12.00 11.95
1-Year 11.90 11.95 11.95 12.00 11.95
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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 11.50 13.00 12.00 13.50 12.50
1-Week 11.00 13.00 12.00 14.00 12.50
2-Week 12.50 14.00 13.00 14.50 13.50
1-Month 12.50 14.50 13.00 15.00 13.75
2-Months 12.50 14.50 13.00 15.00 13.75
3-Months 13.00 15.00 14.00 15.50 14.38
4-Months 13.00 15.00 14.00 15.50 14.38
5-Months 13.50 15.00 14.00 15.50 14.50
6-Months 14.00 15.25 14.50 15.50 14.81
9-Months 14.25 15.50 14.75 16.00 15.13
1-Year 14.50 15.50 15.00 16.00 15.25
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RUPEE IN LAHORE: The rupee-dollar parity at Lahore currency market remained unchanged on Saturday. There was hardly any change in demand and supply of dollars, which was traded at Friday's Rs 72.00 and Rs 72.40 on buying and selling sides, dealers said.
The rupee was down against the British pound whose buying and selling rate increased from the previous closing of Rs 142.00 and Rs 143.20 to Rs 142.50 and Rs 143.50.
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