Mixed trend was seen on the local currency market on Monday as dollar demand was persistent due to higher payments of oil bills, marketmen said The rupee shed against dollar two paisa at 85.07 and 85.12 for buying and selling, they said. In the first Asian trade dollar held at its highest levels in six months, while euro huddled near seven-month lows on fiscal concerns, and higher yielding currencies remained pressured by the closing of leveraged trades.
The Australian dollar hovered at its weakest since mid-December as investors briefly unwound yen-funded carry trades on a report that a UK regulator would like to restrain carry trading generally.
OPEN MARKET RATES: The rupee, somehow, came out of it's weakness, gaining five paisa versus dollar for buying and selling at 86.15 and 86.25, dealers said. The local currency also recovered versus euro, rising 60 paisa for buying at Rs 119.10 and gained Rs 1.60 for selling at Rs 120.60, they added.
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Buying Rs 85.07
Selling Rs 85.12
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Open Buying Rs 86.15
Open Selling Rs 86.25
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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 11.75 12.30 11.90 12.35 12.08
1-Week 11.60 12.05 12.00 12.10 11.94
2-Week 11.65 11.95 11.95 12.00 11.89
1-Month 11.65 11.95 11.90 12.00 11.88
2-Months 11.70 11.95 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 11.80 12.35 11.90 12.40 12.11
1-Week 11.90 12.15 12.00 12.20 12.06
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 rupee gained 20 paisa on buying side and 10 paisa on selling side in relation to dollar at Lahore currency market on Monday.
According to dealers, the dollar closed at Rs 86.10 and Rs 86.50 as its buying and selling rates against Saturday's Rs 86.30 and Rs 86.60, respectively.
The pound was purchased and sold at Rs 137.20 and Rs 138.00 as compared to previous closing of Rs 137.50 and Rs 138.50, respectively, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar surged by 20 paisa against rupee at the currency markets of Islamabad and Rawalpindi on Monday.
The dollar opened at Rs 86.20 (buying) and Rs 86.30 (selling) against last rates of Rs 86.00 (buying) and Rs 86.10 (selling). It did not observe further change in the evening session and closed at Rs 86.20 (buying) and Rs 86.30 (selling).
Pound sterling opened at Rs 134 (buying) and Rs 135 (selling) against last rates of Rs 138 (buying) and Rs 138.20 (selling). It did not observe further change in the evening spell and closed at Rs 134 (buying) and Rs 135 (selling).
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