Range-bound trading was seen on the interbank market on Saturday as the rupee shed two paisa against dollar for buying at 80.58 while it retained its previous level at 80.60, experts said. In fact the rupee is firm on improved supply of dollar and it is expected that the rupee might be able to maintain its firmness in the days to come, they said.
In the New York market the US dollar and yen fell as increasing risk appetite sparked by better-than-expected US economic data pared demand for both currencies as a refuge against the global slowdown. The dollar fell for a fourth straight session versus euro, while yen dropped to a two-week low against both the euro and dollar, with volumes thin given the May Day holiday in Europe. Higher-yielding currencies such as the Australian and New Zealand dollars were some of the biggest movers on the day, moving in tandem with higher US stocks.
OPEN MARKET RATES: The rupee managed to gain 10 paisa against dollar for buying and selling at 80.65 at 80.75, they said. The rupee gave up its overnight fragility against euro, rising 30 paisa for buying and selling at Rs 106.30 and Rs 107.30, they said.
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Open Buying Rs 80.65
Open Selling Rs 80.75
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Saturday.
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Buying Rs 80.58
Selling Rs 80.60
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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 12.25 13.50 12.50 13.75 13.00
1-Week 12.60 13.00 12.80 13.10 12.88
2-Week 12.65 12.90 12.90 13.00 12.86
1-Month 12.60 12.80 12.75 12.95 12.78
2-Months 12.60 12.75 12.75 13.00 12.78
3-Months 12.60 12.85 12.75 13.00 12.80
4-Months 12.70 12.85 12.90 13.00 12.86
5-Months 12.70 12.90 12.95 13.10 12.91
6-Months 12.70 13.00 12.95 13.10 12.94
9-Months 12.75 13.00 13.00 13.10 12.96
1-Year 12.85 13.10 13.00 13.15 13.03
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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 13.00 13.75 13.25 13.90 13.48
1-Week 12.75 13.25 13.00 13.50 13.13
2-Week 12.80 13.25 13.00 13.50 13.14
1-Month 12.80 13.25 13.00 13.40 13.11
2-Months 12.85 13.25 13.10 13.40 13.15
3-Months 12.90 13.30 13.10 13.45 13.19
4-Months 13.00 13.30 13.20 13.50 13.25
5-Months 13.10 13.30 13.20 13.50 13.28
6-Months 13.25 13.40 13.30 13.50 13.36
9-Months 13.30 13.40 13.35 13.55 13.40
1-Year 13.30 13.40 13.35 13.60 13.41
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RUPEE IN LAHORE: The rupee lost five paisa in relation to dollar in Lahore currency market on Saturday.According to dealers, the dollar was higher at Rs 80.90 and Rs 81.20 against Thursday's Rs 80.85 and Rs 81.15 for buying and selling, respectively. Similarly, the rupee slipped against pound sterling. The pound's buying and selling rates improved from previous closing of Rs 118.50 and Rs 119.20 to Rs 119.00 and Rs 120.00, respectively, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained stable against dollar at the currency markets of Islamabad and Rawalpindi on Saturday. The dollar opened at Rs 80.80 (buying) and Rs 81 (selling) against same last rates. It did not witness further change in the evening session and closed at Rs 80.80 (buying) and Rs 81 (selling). Pound sterling opened at Rs 118 (buying) and Rs 119 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 118 (buying) and Rs 119 (selling).
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