Slight improvement was seen on the interbank market on Monday as the rupee gained five paisa against dollar for buying and selling at 81.40 and 81.45, experts said. In the first Asian trading day dollar regained some ground after falling broadly late last week on a renewed call by China for a super-sovereign reserve currency, placing higher-risk currencies such as the Australian dollar under pressure.
But activity was subdued ahead of significant data this week, including US employment numbers on Thursday, which investors are awaiting to see if a months-long rally in riskier assets such as commodity-linked currencies and shares is sustainable.
OPEN MARKET RATES: The rupee showed no change against dollar for buying at 81.50 and selling at 81.60, they said. The rupee, however, gained 80 paisa versus euro for buying at Rs 112.70 and rose by 30 paisa for selling at Rs 113.70, they said.
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Buying Rs 81.40
Selling Rs.81.45
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Monday.
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Open Buying Rs.81.50
Open Selling Rs.81.60
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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 9.00 12.75 10.00 13.00 11.19
1-Week 12.45 13.00 12.75 13.10 12.83
2-Week 12.50 12.75 12.75 12.90 12.73
1-Month 12.35 12.75 12.75 12.90 12.69
2-Months 12.15 12.40 12.40 12.70 12.41
3-Months 12.10 12.40 12.40 12.70 12.40
4-Months 12.00 12.50 12.25 12.70 12.36
5-Months 11.80 12.40 12.25 12.50 12.24
6-Months 11.70 12.40 12.25 12.50 12.21
9-Months 11.70 12.45 12.25 12.55 12.24
1-Year 11.70 12.50 12.25 12.60 12.26
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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 11.00 13.25 11.50 13.50 12.31
1-Week 12.75 13.25 13.00 13.40 13.10
2-Week 12.75 13.00 13.00 13.25 13.00
1-Month 12.75 13.00 13.00 13.25 13.00
2-Months 12.75 13.00 13.00 13.25 13.00
3-Months 12.75 13.00 13.00 13.25 13.00
4-Months 12.75 13.00 12.90 13.25 12.98
5-Months 12.50 12.90 12.90 13.10 12.85
6-Months 12.50 12.90 12.90 13.10 12.85
9-Months 12.60 13.00 12.80 13.10 12.88
1-Year 12.75 13.00 13.00 13.25 13.00
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RUPEE IN LAHORE: The rupee opened on a positive note and gained five-paisa in its value against the US dollar in the open market on Monday. Because of decrease in demand, the dollar could not maintain its position and slide down to Rs 81.40 and Rs 81.70 on buying and selling sides, as compared to last Saturday closing of Rs 81.45 and Rs 81.75, respectively, the currency dealers said. Similarly the rupee showed strength and appreciated its worth against the British pound. The pound's buying and selling rates moved down from previous closing of Rs 133.50 and Rs 134.50 to Rs 133.00 and Rs 134.00 respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday. The dollar resumed trading at Rs 81.40 (buying) and Rs 81.50 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 81.40 (buying) and Rs 81.50 (selling). Pound Sterling opened at Rs 133 (buying) and Rs 134 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 133 (buying) and Rs 134 (selling).
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