Marginal changes were seen on the local currency market on Thursday in proccess of trading, experts said On the interbank market the rupee shed three paisa against dollar for buying at 84.28 and drifted lower by two paisa for selling at 84.32, they said. In the fourth Asian session euro tumbled broadly after a newswire report saying that Greece is not hopeful of receiving aid from other euro zone members.
A Greek official quoted in the report said the country was growing increasingly pessimistic about the prospect of help at a European Union summit on March 25 and may seek International Monetary Fund (IMF) aid during the April 2-4 Easter weekend. Greece has said it was counting on EU leaders to approve an aid mechanism for the country at the meeting next week as it battles to deal with crippling debts. But some countries - especially Germany, the EU's biggest paymaster - are wary of making any concrete promises, and market participants said the Dow Jones Newswires report suggested a rift between Greece and Germany may be deepening.
OPEN MARKET RATES: The rupee was unmoved against dollar for buying at 84.50 while shed five paisa for selling at 84.65, dealers said. The rupee managed to maintain its surge versus euro gaining 1.05 for buying at Rs 115.00 and 1.15 for selling at Rs Rs 115.50, they added.
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Buying Rs 84.28
Selling Rs.84.32
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Open Buying Rs.84.50
Open Selling Rs.84.65
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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 12.25 12.40 12.30 12.40 12.34
1-Week 11.50 12.15 12.10 12.20 11.99
2-Week 11.55 12.10 12.05 12.15 11.96
1-Month 11.60 12.10 12.05 12.15 11.98
2-Months 11.75 12.10 12.05 12.15 12.01
3-Months 11.80 12.10 12.05 12.15 12.03
4-Months 11.85 12.10 12.10 12.15 12.05
5-Months 11.90 12.10 12.10 12.20 12.08
6-Months 11.90 12.15 12.10 12.20 12.09
9-Months 11.95 12.15 12.10 12.20 12.10
1-Year 12.00 12.20 12.10 12.25 12.14
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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 12.25 12.40 12.35 12.40 12.35
1-Week 11.70 12.15 12.10 12.20 12.04
2-Week 11.80 12.15 12.10 12.20 12.06
1-Month 11.90 12.15 12.10 12.20 12.09
2-Months 11.90 12.15 12.15 12.20 12.10
3-Months 11.90 12.20 12.15 12.25 12.13
4-Months 12.00 12.20 12.15 12.25 12.15
5-Months 12.00 12.25 12.10 12.30 12.16
6-Months 12.00 12.25 12.15 12.30 12.18
9-Months 12.10 12.25 12.20 12.30 12.21
1-Year 12.15 12.30 12.25 12.40 12.28
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RUPEE IN LAHORE: The Pak rupee showed strength and recovered its day earlier loss against the greenback and the pound sterling. The rupee was improved by 15-paisa on buying side and 10-paisa on selling side in relation to the greenback in the local currency market on Thursday.
According to the currency dealers, because of lacking buying support, the dollar could not maintain its overnight level and slide down against the rupee. The dollar was ended at Rs 84.30 and Rs 84.60, as its buying and selling rates against the Wednesday closing of Rs 84.45 and Rs 84.70, respectively.
Likewise, the rupee remained strong and appreciated its worth against the British pound. The pound's buying and selling rates were declined from previous closing of Rs 128.50 and Rs 129.50 to Rs 128.30 and Rs 129.00, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 84.20 (buying) and Rs 84.30 (selling) against the last rate. It did not observe further change in the last trading hours and closed at Rs 84.20 (buying) and Rs 84.30 (selling).
Pound Sterling opened at Rs 126.60 (buying) and Rs 127.60 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 126.60 (buying) and Rs 127.60 (selling).
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