Steady trend was seen on the interbank market on Monday as the rupee retained its weekend levels versus dollar for buying and selling at 83.25 and 83.30, they said. In the first Asian trade dollar edged broadly higher, extending a short-covering bounce against yen as investors trimmed dollar-selling positions on caution that US interest rates could move up earlier than expected.
The dollar had been under heavy selling pressure on the prospect that US interest rates could remain low for a while and it hit its weakest level in eight months against yen last week and a 14-month low against a basket of six currencies.
OPEN MARKET RATES: The rupee shed five paisa against dollar for buying at 83.10 and it lost 10 paisa for selling at 83.20, dealers said. The rupee also came down in terms of euro, losing 15 paisa for buying and selling at Rs 121.90 and Rs 122.40, they said.
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Buying Rs 83.25
Selling Rs.83.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Open Buying Rs.83.10
Open Selling Rs.83.20
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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 12.00 12.50 12.25 12.75 12.38
1-Week 12.20 12.30 12.30 12.40 12.30
2-Week 12.20 12.30 12.30 12.40 12.30
1-Month 12.10 12.30 12.30 12.35 12.26
2-Months 12.00 12.25 12.25 12.35 12.21
3-Months 12.00 12.25 12.25 12.35 12.21
4-Months 12.00 12.25 12.20 12.40 12.21
5-Months 12.00 12.30 12.20 12.40 12.23
6-Months 12.00 12.30 12.20 12.50 12.25
9-Months 12.10 12.35 12.30 12.50 12.31
1-Year 12.20 12.35 12.30 12.55 12.35
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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 12.30 12.60 12.50 12.75 12.54
1-Week 12.25 12.40 12.35 12.50 12.38
2-Week 12.25 12.40 12.40 12.50 12.39
1-Month 12.20 12.40 12.40 12.55 12.39
2-Months 12.20 12.35 12.45 12.60 12.40
3-Months 12.25 12.35 12.45 12.60 12.41
4-Months 12.25 12.45 12.50 12.60 12.45
5-Months 12.30 12.45 12.50 12.65 12.48
6-Months 12.45 12.60 12.55 12.65 12.56
9-Months 12.45 12.60 12.55 12.70 12.58
1-Year 12.45 12.65 12.60 12.70 12.60
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RUPEE IN LAHORE: The rupee lost five paisa on buying side and 10 paisa on selling side in relation to dollar in Lahore currency market on Monday. According to dealers, the dollar closed higher at Rs 83.25 and Rs 83.50 against Rs 83.20 and Rs 83.40 of last Saturday on buying and selling sides, respectively. However, the rupee showed strength and appreciated against British pound, which was traded at Rs 132.00 and Rs 133.00 as compared to last week's closing of Rs 132.30 and Rs 133.30 on buying and selling counters, respectively, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi on Monday. The dollar opened at Rs 82.70 (buying) and Rs 82.80 (selling) against same last week's rate. It did not observe further change in the evening session and closed at Rs 82.70 (buying) and Rs 82.80 (selling). Pound Sterling opened at Rs 129.90 (buying) and Rs 130.90 (selling) against same last week's rate. It did not observe further change in the evening session and closed at Rs 129.90 (buying) and Rs 130.90 (selling).
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