Rising demand for dollars forced the rupee to surrender its gain in the interbank market on Friday, losing 10 paisa for buying and selling at 71.55 and 71.60, dealers said. Strong demand by the importers for payments pulled down the rupee and it seems that the rupee may show divergent trend in relation to the dollar in days to come, they said.
Amid final Asian trade dollar edged up towards a one-month high against euro before monthly US jobs data later in the day, with investors viewing the report as a key hurdle for whether the US currency can sustain its rebound. A mixed bag of US data released the previous day showing the economy expanding less than expected in the second quarter, a spike in jobless claims but a pick-up in Midwest business activity did not prove decisive for dollar.
OPEN MARKET RATES: The rupee retained its overnight levels against the dollar for buying at 72.10 and selling at 72.30, they said. Meanwhile, the rupee fell versus euro, falling 15 paisa for buying and selling at Rs 111.80 and Rs 112.00, they added.
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Open Buying Rs 72.10
Open Selling Rs 72.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Friday.
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Buying Rs 71.55
Selling Rs 71.60
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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 6.75 12.90 7.00 12.95 9.90
1-Week 11.00 11.25 11.25 11.50 11.25
2-Week 10.90 11.25 11.25 11.50 11.23
1-Month 11.00 11.40 11.25 11.60 11.31
2-Months 11.75 12.00 12.00 12.20 11.99
3-Months 11.80 12.10 12.10 12.25 12.06
4-Months 11.80 12.10 12.10 12.25 12.06
5-Months 11.90 12.20 12.15 12.30 12.14
6-Months 11.90 12.25 12.15 12.35 12.16
9-Months 12.00 12.25 12.20 12.35 12.20
1-Year 12.10 12.25 12.20 12.40 12.24
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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 9.00 13.50 10.00 14.00 11.63
1-Week 11.00 13.50 12.00 14.00 12.63
2-Week 11.50 13.75 12.50 14.25 13.00
1-Month 12.50 14.00 13.00 14.50 13.50
2-Months 12.50 14.00 13.00 14.50 13.50
3-Months 13.00 14.50 13.50 15.00 14.00
4-Months 13.00 14.50 13.75 15.00 14.06
5-Months 13.00 14.75 14.00 15.25 14.25
6-Months 13.50 15.00 14.00 15.50 14.50
9-Months 13.75 15.00 14.50 15.50 14.69
1-Year 14.00 15.50 14.75 15.75 15.00
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RUPEE IN LAHORE: The dollar-rupee parity remained unchanged amid sluggish trading trend in the local kerb on Friday.
There was no visible change in dollar's demand and supply situation that helped Pak rupee stability. At the end of trading, the dollar finished at Thursday's closing rates of Rs 72.15 and Rs 72.40 on buying and selling sides, respectively.
Similarly, the rupee maintained its overnight position against the pound sterling. The British pound was traded at Rs 142.00 and Rs 142.90 on buying and selling sides, respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar was down by 40 paisa against rupee at the currency markets of Islamabad and Rawalpindi on Friday.
The dollar opened at Rs 71.90 (buying) and Rs 72 (selling) against last rate of Rs 72.10 (buying) and Rs 72.30 (selling). It did not observe further change in the second spell and closed at Rs 71.90 (buying) and Rs 72 (selling).
Pound sterling opened at Rs 142.50 (buying) and Rs 143.50 (selling) against last rate of Rs 142.20 (buying) and Rs 142.70 (selling). It did not observe further change in the evening session and closed at Rs 142.50 (buying) and Rs 143.50 (selling).
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