Bearish sentiment persisted on the interbank market on Thursday as the rupee fell five paisa more against dollar for buying and selling at 81.75 and 81.80, dealers said. Strong demand for dollars kept the rupee in drifting position and it appeared that if buying pressure continues, the rupee may touch the mark of 82, they said.
In the fourth Asian trade yen slid, falling from a five-month high against dollar and a two-month peak versus euro hit the previous day when doubts about the health of the global economy spurred risk aversion. The dollar and euro both fell more than two percent against yen on Wednesday, posting their sharpest one-day drops since March, according to data from trading platform EBS.
OPEN MARKET RATES: The rupee moved both ways versus dollar as it lost five paisa for buying at 81.80 while it gained the same amount for selling at 82.05, dealers said. The rupee maintained its surge versus euro rising 19 paisa for buying and selling at Rs 112.38 and Rs 113.38, they said.
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Buying Rs 81.75
Selling Rs 81.80
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Thursday.
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Open Buying Rs 81.80
Open Selling Rs 82.05
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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 4.00 10.50 5.00 11.00 7.63
1-Week 9.25 10.90 9.75 11.00 10.23
2-Week 10.00 11.00 10.25 11.15 10.60
1-Month 10.55 11.00 10.75 11.25 10.89
2-Months 10.75 11.25 11.25 11.50 11.19
3-Months 10.75 11.25 11.25 11.50 11.19
4-Months 10.85 11.30 11.30 11.60 11.26
5-Months 10.85 11.35 11.40 11.60 11.30
6-Months 10.85 11.40 11.50 11.65 11.35
9-Months 10.80 11.50 11.60 11.70 11.40
1-Year 10.80 11.50 11.60 11.75 11.41
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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 11.00 6.00 11.50 8.38
1-Week 10.00 11.25 10.50 11.50 10.81
2-Week 10.25 11.25 10.75 11.50 10.94
1-Month 11.50 11.75 11.75 12.00 11.75
2-Months 11.50 11.75 11.75 12.25 11.81
3-Months 11.75 12.00 12.00 12.25 12.00
4-Months 11.75 12.25 12.10 12.50 12.15
5-Months 11.90 12.40 12.25 12.50 12.26
6-Months 12.00 12.40 12.30 12.50 12.30
9-Months 12.40 12.40 12.50 12.90 12.55
1-Year 12.40 12.50 12.70 12.90 12.63
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RUPEE IN LAHORE: The Pak rupee remained under pressure and further declined by 15-paisa against the US dollar in the kerb market on Thursday. According to the currency dealers, the dollar witnessed an increase in its demand that kept the local currency under pressure. The dollar, amid buying support, slide up and closed higher at Rs 81.90 and Rs 82.15 on buying and selling sides, as compared to last day closing of Rs 81.75 and Rs 82.00, respectively. Similarly, the rupee failed to maintain upward slide and depreciated its worth against the British pound. The pound was purchased and sold at Rs 131.90 and Rs 133.00 against the Wednesday closing of Rs 131.50 and Rs 132.50, 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 Thursday. The dollar opened at Rs 81.75 (buying) and Rs 81.95 (selling) against same last rate. It did not witness further change in the evening session and closed at Rs 81.75 (buying) and Rs 81.95 (selling). Pound Sterling opened at Rs 132 (buying) and Rs 132.50 (selling) against same previous rate. British currency has not observed any change in the evening session and closed at Rs 132 (buying) and Rs 132.50 (selling).
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