Sliding trend was seen on the interbank market on Friday as the rupee shed five paisa versus dollar for buying and selling at 72.55 and 72.60, dealers said. The demand for dollars was up as importers were busy in forward buying to meet the payment requirements, they said.
In the fifth Asian trade, dollar surged across the board, hitting a five-month high against euro and a 17-month peak against pound as the European Central Bank's caution on the growth outlook reinforced worries of a faltering global economy.
The dollar index vaulted to its highest in more than five months, with investors and analysts saying the US currency is staging a broad rebound from record lows struck earlier in the year as the global slowdown takes a toll on other major currencies.
OPEN MARKET RATES: The rupee held its overnight levels against dollar for buying at 73.05 and selling at 73.25, they added. The rupee firmly looked ahead against euro, gaining sharply for buying and selling at Rs 110.55 and Rs 110.70, they said.
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Open Buying Rs 73.05
Open Selling Rs 73.25
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Friday.
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Buying Rs 72.55
Selling Rs 72.60
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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 11.75 12.90 12.00 12.90 12.39
1-Week 11.00 11.50 11.25 11.75 11.38
2-Week 10.80 11.10 11.25 11.40 11.14
1-Month 10.75 11.20 11.10 11.50 11.14
2-Months 11.60 11.80 11.75 11.90 11.76
3-Months 11.75 12.00 12.00 12.15 11.98
4-Months 11.85 12.10 12.10 12.25 12.08
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 12.50 14.00 13.00 15.00 13.63
1-Week 12.00 13.00 12.50 13.50 12.75
2-Week 12.00 13.25 12.50 13.50 12.81
1-Month 12.50 13.50 13.00 14.00 13.25
2-Months 13.00 13.75 13.50 14.25 13.63
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 rupee lost 40 paisa in relation to dollar at Lahore currency market on Friday. The dollar closed higher at Rs 73.10 and Rs 73.40 against Thursday's Rs 72.70 and Rs 73.20 on buying and selling sides, respectively. However, the rupee regained its loss and improved its value against pound sterling. The pound's buying and selling rates declined from overnight closing of Rs 142.10 and Rs 142.50 to Rs 140.50 and Rs 142.00 respectively.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the currency markets of Islamabad and Rawalpindi on Friday. The dollar opened at Rs 73 (buying) and Rs 73.50 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 73 (buying) and Rs 73.50 (selling). Pound sterling opened at Rs 141 (buying) and Rs 142 (selling) against last rate of Rs 142 (buying) and Rs 142.50 (selling). It did not observe further change in the evening session and closed at Rs 141 (buying) and Rs 142 (selling).
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