The rupee again showed mixed trend on the local currency market on Wednesday in process of trading, money viewers said. On the interbank market the rupee recovered five paisa against dollar at 84.55 and 84.60 for buying and selling, they said. In the third session of Asian trade yen firmed broadly as investors remained jittery about risk-taking, with the focus still on China's efforts to curb lending and the outcome of a Federal Reserve policy meeting later.
But the Australian dollar climbed against the US dollar after local data showed a rise in consumer prices, reinforcing views that the Reserve Bank of Australia will hike rates in February. OPEN MARKET RATES: The rupee, however, lost 10 paisa in relation to dollar for buying and selling at 86.25 and 86.35, dealers said.
The rupee, also followed the same trend versus euro shedding five paisa for buying and selling at Rs 120.75 and Rs 121.25, they added.
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Buying Rs.84.55
Selling Rs.84.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Open Buying Rs.86.25
Open Selling Rs.86.35
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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 12.40 12.15 12.40 12.24
1-Week 11.70 12.00 12.00 12.05 11.94
2-Week 11.70 11.95 11.95 12.00 11.90
1-Month 11.75 11.95 11.90 12.00 11.90
2-Months 11.75 11.90 11.90 12.00 11.89
3-Months 11.75 11.95 11.95 12.00 11.91
4-Months 11.80 12.00 12.00 12.10 11.98
5-Months 11.80 12.00 12.00 12.10 11.98
6-Months 11.80 12.00 12.00 12.10 11.98
9-Months 11.85 12.00 11.95 12.15 11.99
1-Year 11.90 12.00 12.00 12.10 12.00
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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 12.40 12.20 12.45 12.26
1-Week 11.90 12.10 12.00 12.15 12.04
2-Week 11.85 12.10 11.90 12.15 12.00
1-Month 11.85 12.10 12.00 12.20 12.04
2-Months 11.90 12.15 12.10 12.25 12.10
3-Months 12.00 12.25 12.15 12.30 12.18
4-Months 12.15 12.25 12.20 12.30 12.23
5-Months 12.15 12.30 12.20 12.35 12.25
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 Pak rupee recovered some of its earlier loss and improved its worth by 20-paisa on buying side and 30-paisa on selling side in relation to the greenback in the local currency market on Wednesday.
According to the currency dealers, the dollar's demand could not remain intact that helped rupee appreciation against the greenback. The dollar could not sustain and declined to Rs 86.10 and Rs 86.50 against the overnight closing of Rs 86.30 and Rs 86.80, as its buying and selling rates, respectively, the dealers said.
However, the rupee maintained its position and remained unchanged against the pound sterling. The pound was purchased and sold at Tuesday closing of Rs 138.20 and Rs 138.39, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained firm against the rupee at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 86.00 (buying) and Rs 86.10 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 86.00 (buying) and Rs 86.10 (selling).
Pound Sterling opened at Rs 138.80 (buying) and Rs 138.90 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 138.80 (buying) and Rs 138.90 (selling).
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