Rates moved both ways on the currency market on Friday amid rising demand for dollars, dealers said. The rupee managed to recover 15 paisa against dollar for buying and selling at 84.05 and 84.10 in process of trading, they said.
In the final session dollar held steady while the yen lost ground on Friday, dented by firmer stock markets and a rise in sterling after Moody's analysts said there was no threat to ratings of the UK and United States at the moment.
Traders said investors were looking for opportunities to liquidate long yen positions as business winds down for the year and once widely-watched Chinese data had come in as expected, supporting Asian share markets, position closing set in.
OPEN MARKET RATES: Against the interbank track, the rupee, however, lost 20 paisa versus dollar for buying and selling at 84.40 and 84.50, dealers said. The rupee reacted negatively versus euro, falling Rs 1.80 for buying at Rs 123.70 and shed Rs 1.60 for selling at Rs 124.20, they said.
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Open Buying Rs 84.40
Open Selling Rs 84.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Buying Rs 84.05
Selling Rs 84.10
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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 9.50 9.90 9.60 10.00 9.75
1-Week 11.20 11.50 11.60 11.75 11.51
2-Week 11.50 11.75 11.75 11.90 11.73
1-Month 11.75 12.00 11.90 12.05 11.93
2-Months 11.75 12.00 11.90 12.15 11.95
3-Months 11.80 12.10 11.90 12.15 11.99
4-Months 11.85 12.10 12.00 12.15 12.03
5-Months 11.90 12.05 12.00 12.15 12.03
6-Months 11.90 12.10 12.00 12.15 12.04
9-Months 11.90 12.10 12.00 12.15 12.04
1-Year 11.90 12.10 12.10 12.20 12.08
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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 9.50 9.90 9.60 10.00 9.75
1-Week 11.25 11.60 11.70 11.80 11.59
2-Week 11.65 11.90 11.90 12.00 11.86
1-Month 12.00 12.25 12.10 12.30 12.16
2-Months 12.00 12.25 12.15 12.30 12.18
3-Months 12.00 12.25 12.15 12.30 12.18
4-Months 12.10 12.25 12.15 12.30 12.20
5-Months 12.10 12.30 12.20 12.35 12.24
6-Months 12.15 12.30 12.25 12.35 12.26
9-Months 12.15 12.40 12.35 12.45 12.34
1-Year 12.25 12.45 12.40 12.50 12.40
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RUPEE IN LAHORE: The rupee lost 50 paisa against dollar in Lahore currency market on Friday. According to dealers, the dollar kept on rising throughout the day and closed higher at Rs 84.20 and Rs 84.60 against overnight Rs 83.70 and Rs 84.10 on buying and selling sides, respectively. Similarly, the rupee declined by ten paisa in relation to pound sterling. The pound was purchased and sold at Rs 136.80 and Rs 137.80 as compared to Thursday closing of Rs 136.70 and Rs 137.70, respectively, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Friday. The dollar opened at Rs 83.35 (buying) and Rs 83.45 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 83.35 (buying) and Rs 83.45 (selling).
Pound Sterling opened at Rs 135.50 (buying) and Rs 135.80 (selling) against the overnight value. It did not observe any further change and closed at Rs 137.00 (buying) and Rs 137.10 (selling).
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