The rupee inched up with slight gain against the dollar on the interbank market on Tuesday, gaining five paisa for buying and selling at 79.10 and 79.15, dealers said. There was strong demand for dollars ahead of Ashura holidays but the rupee managed to look ahead in process of trading, they added.
Besides, the rupee was able to retain its gain due to easy supply of dollars and it is likely that the rupee may move both ways in the near future, they said. Amid second session of the Asian trade, the dollar advanced to a three-week high against the euro, supported by growing expectations that the interest rate gap between the United States and the euro zone will narrow further.
OPEN MARKET RATES: The rupee firmly held its overnight levels against the dollar for buying and selling at 79.00 and 79.50, they said. While, the rupee improved further versus the euro, rising Rs 1.40 for buying at Rs 106.50 and it also rose by Rs 1.50 for selling at Rs 107.00, they said.
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Open Buying Rs 79.00
Open Selling Rs 79.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Tuesday.
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Buying Rs 79.10
Selling Rs 79.15
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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 14.90 8.50 14.90 11.58
1-Week 9.00 9.50 9.50 10.00 9.50
2-Week 9.50 10.00 9.75 10.25 9.88
1-Month 11.50 12.00 11.90 12.25 11.91
2-Months 12.75 13.25 13.00 13.50 13.13
3-Months 13.25 13.75 13.60 13.90 13.63
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 8.00 12.00 9.00 13.00 10.50
1-Week 11.00 14.00 12.00 15.00 13.00
2-Week 12.00 14.00 12.50 15.00 13.38
1-Month 13.00 15.00 14.00 16.00 14.50
2-Months 14.00 15.00 15.00 16.00 15.00
3-Months 14.50 16.00 15.50 16.50 15.63
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 Pak rupee maintained downward slide and further depreciated by 20 paisa against the US dollar in the open currency market on Tuesday. According to the currency dealers, the dollar's demand remained intact that pushed the rupee's value further down. At the end of trading, the dollar moved up and closed at Rs 79.00 and Rs 79.70 against the Monday closing of Rs 78.80 and Rs 79.50 on buying and selling sides, respectively. However, the rupee showed strength and recovered some of its earlier loss against the British pound. The pound's buying and selling rates slipped from overnight closing of Rs 116.00 and Rs 117.00 to Rs 115.00 and Rs 116.00, respectively.
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