Falling trend was observed on the currency market on Monday as dollars were short in demand due to strong buying demand by importers, dealers said. In the interbank market, the rupee lost 20 paisa against dollar for buying at 79.30 and 15 paisa for selling at 79.35, they said.
In the first beginning session of the week, sterling hit a record low against the euro, hurt by its yield disadvantage against the single European currency. A bleak outlook for the UK economy and expectations that euro zone interest rates are likely to stay higher than British rates in coming months pushed sterling lower.
OPEN MARKET RATES: The rupee lost 30 paisa versus dollar for buying and selling at 79.30 and 79.80, dealers said. The rupee was also sharply lower against euro for buying and selling at Rs 110.65 and Rs 110.80, they said.
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Open Buying Rs 79.30
Open Selling Rs 79.80
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Monday.
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Buying Rs 79.30
Selling Rs 79.35
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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 2.50 8.00 3.00 8.50 5.50
1-Week 8.50 9.50 9.50 10.00 9.38
2-Week 10.50 11.00 11.00 11.50 11.00
1-Month 11.50 12.25 12.50 13.00 12.31
2-Months 12.50 13.25 13.00 13.50 13.06
3-Months 13.25 13.40 13.60 13.90 13.54
4-Months 13.25 13.75 13.75 14.00 13.69
5-Months 13.50 13.75 13.75 14.00 13.75
6-Months 13.60 14.00 14.00 14.25 13.96
9-Months 13.90 14.20 14.25 14.50 14.21
1-Year 14.00 14.25 14.30 14.55 14.28
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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 5.00 10.00 6.00 11.00 8.00
1-Week 11.00 13.00 12.00 14.00 12.50
2-Week 12.00 13.50 14.00 15.00 13.63
1-Month 14.00 16.00 15.00 16.50 15.38
2-Months 15.00 16.00 15.50 16.50 15.75
3-Months 15.00 16.00 16.00 16.50 15.88
4-Months 15.50 16.50 16.00 17.00 16.25
5-Months 16.00 16.50 16.50 17.00 16.50
6-Months 16.00 16.50 16.50 17.00 16.50
9-Months 16.25 16.75 16.75 17.25 16.75
1-Year 16.50 17.00 17.00 17.50 17.00
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RUPEE IN LAHORE: The greenback again showed strength against the Pak rupee at the currency markets of Lahore on Monday. The dollar opened at Rs 79.00 (buying) and Rs 79.50 (selling) against Friday's rate of Rs 79.00 (buying) and Rs 80.00 (selling). The greenback observed further change in the evening session and closed at Rs 79.20 (buying) and Rs 80.05 (selling). On the other hand, British Pound appreciated its worth against the local currency.
The British Pound was purchased and sold at Rs 116.50 and Rs 117.50, respectively, as against Rs 117.00 (buying) and Rs 118.00 (selling) of Friday. The moneychangers were of the view that the dollar kept on showing upward slide throughout the day mainly due to increasing demand.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar-rupee parity remained unchanged at the open currency markets of Islamabad and Rawalpindi on Monday. The dollar opened at Rs 78.70 (buying) and Rs 78.80 (selling) against same previous rate. It did not observe further change in the second session and closed at Rs 78.70 (buying) and Rs 78.80 (selling). Pound Sterling opened at Rs 117 (buying) and Rs 118 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 117 (buying) and Rs 118 (selling).
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