Gradual fluctuations were seen on the currency market as the rupee moved lightly versus dollar at the week-end, dealers said. On the interbank market the rupee held its overnight level in terms of the dollar for buying at 80.80 while it gained three paisa for selling at 80.85, they said.
At the weekend in New York market dollar posted its largest one-day gain against a basket of currencies in more than five months after data showed the United States shed fewer jobs than expected in May, boosting hopes for an economic recovery.
The dollar initially sold off after the jobs report, which showed the US economy shed 345,000 jobs, well below the 520,000 expected by economists. In the past, the dollar had fallen in response to data hinting at improvement in the US economy, with investors moving into riskier assets, including higher-yielding currencies.
OPEN MARKET RATES: The rupee firmly held its overnight level versus dollar for buying at 80.80 while it lost 10 paisa for selling 81.10, they said. The rupee managed to recover Rs 1.50 versus euro for buying and selling at Rs 112.50 and 113.50, they said.
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Open Buying Rs 80.80
Open Selling Rs 81.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Saturday.
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Buying Rs 80.80
Selling Rs 80.85
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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 11.60 12.25 12.00 12.75 12.15
1-Week 12.25 12.85 12.85 12.95 12.73
2-Week 12.45 12.80 12.90 13.10 12.81
1-Month 12.50 12.90 13.10 13.25 12.94
2-Months 12.55 13.00 13.20 13.30 13.01
3-Months 12.60 13.00 13.20 13.30 13.03
4-Months 12.60 13.15 13.20 13.30 13.06
5-Months 12.60 13.15 13.10 13.30 13.04
6-Months 12.60 13.20 13.20 13.30 13.08
9-Months 12.90 13.20 13.25 13.30 13.16
1-Year 13.00 13.25 13.25 13.30 13.20
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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 12.00 12.50 12.50 13.00 12.50
1-Week 12.75 13.00 13.10 13.25 13.03
2-Week 12.75 13.10 13.20 13.40 13.11
1-Month 13.00 13.35 13.60 14.00 13.49
2-Months 13.25 13.50 13.60 14.00 13.59
3-Months 13.25 13.60 13.50 13.75 13.53
4-Months 13.25 13.65 13.50 13.75 13.54
5-Months 13.30 13.75 13.50 13.85 13.60
6-Months 13.35 13.75 13.50 13.80 13.60
9-Months 13.40 13.75 13.50 13.80 13.61
1-Year 13.40 13.75 13.50 13.90 13.64
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RUPEE IN LAHORE: The Pak rupee depreciated its worth by 15-paisa on buying side (Rs 81.00) and 10-paisa on selling side (Rs 81.20) at the open currency market of Lahore on Saturday. According to the currency dealers, the dollar's supply remained below expectations, which depreciated the value of local currency. The dollar opened at Rs 80.90 (buying) and Rs 81.10 (selling) against the last rate of Rs 80.85 (buying) and Rs 81.10 (selling). It observed further change in the evening session and closed at Rs 81.00 (buying) and Rs 81.20 (selling). On the other hand, the Pound's buying and selling rates slide down from previous closing rates of Rs 129.50 and Rs 131.50 to Rs 129.00 to Rs 129.50, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Saturday. The dollar opened at Rs 80.80 (buying) and Rs 81.00 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 80.80 (buying) and Rs 81.00 (selling). Pound Sterling opened at Rs 130.00 (buying) and Rs 131.00 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 130.00 (buying) and Rs 131.00 (selling).
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