Minor change was seen in the rupee-dollar parity on the local currency market on Thursday, dealers said. On the interbank market the rupee was unchanged against dollar for buying at 85.65 while it gained three paisa at 85.67for selling, marketmen said.
Balanced demand and supply position did not allow the rupee to move sharply against the greenback, they said. In the fourth Asian trade dollar steadied after it enjoyed a rare rally the previous day when US data beat expectations and sparked a bout of short-covering, although the overall mood remains bearish ahead of a key payrolls report.
Against yen dollar was down 0.1 percent on the day at 86.19 yen, having bounced from an eight-month low of 85.32 yen hit on Wednesday. Traders said the greenback's ability to hold above psychologically and technically key 85 yen level lightened the risk of dollar/yen dropping to a 15-year low below the November trough at 84.82 yen, at least until the monthly US jobs data, which is seen setting the dollar's near-term direction.
OPEN MARKET RATES: The rupee was inert versus dollar for buying and selling at 85.75 and 85.90, dealers said. The rupee, however, rose 25 paisa in relation to euro for buying and selling at Rs 112.05 and Rs 112.55, they added.
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Buying Rs 85.65
Selling Rs 85.67
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Open Buying Rs 85.75
Open Selling Rs.85.90
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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 11.25 12.50 11.50 12.60 11.96
1-Week 11.50 12.30 12.25 12.50 12.14
2-Week 11.60 12.35 12.25 12.50 12.18
1-Month 11.70 12.40 12.35 12.50 12.24
2-Months 11.85 12.40 12.30 12.50 12.26
3-Months 11.95 12.40 12.35 12.50 12.30
4-Months 12.00 12.45 12.40 12.50 12.34
5-Months 12.10 12.45 12.40 12.60 12.39
6-Months 12.10 12.50 12.45 12.60 12.41
9-Months 12.20 12.50 12.45 12.60 12.44
1-Year 12.25 12.60 12.50 12.70 12.51
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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 11.25 12.50 11.50 12.60 11.96
1-Week 12.10 12.50 12.25 12.60 12.36
2-Week 12.10 12.50 12.40 12.60 12.40
1-Month 12.20 12.40 12.40 12.60 12.40
2-Months 12.25 12.60 12.50 12.70 12.51
3-Months 12.30 12.70 12.60 12.80 12.60
4-Months 12.30 12.75 12.60 12.80 12.61
5-Months 12.35 12.80 12.70 12.90 12.69
6-Months 12.40 12.80 12.75 13.00 12.74
9-Months 12.50 12.90 12.75 13.00 12.79
1-Year 12.60 13.00 12.80 13.25 12.91
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RUPEE IN LAHORE: The Pak rupee-dollar parity remained unchanged amid sluggish trading trend in the local currency market on Thursday.
According to the currency dealers, there was no change in dollar's demand and supply situation in the open market. The dollar resumed trading at its overnight closing of Rs 85.65 and Rs 85.80 on buying and selling sides, respectively and finally ended without any visible change.
The rupee showed strength and recovered some of its earlier loss against the British pound. The pound's buying and selling rates were decreased to Rs 135.00 and Rs 135.50, as compared to Wednesday closing of Rs 135.20 and Rs 135.80, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee showed the improvement of 10 paisa against the dollar at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 85.40 (buying) and 85.90 (selling) against the last rate of Rs 85.50 (buying) and 86.00 (selling). It did not observe further change in the evening session and closed at Rs 85.40(buying) and Rs 85.90 (selling).
Pound Sterling opened at Rs 133.41 (buying) and Rs 135.83 (selling) against the previous rate of Rs 134.43(buying) and Rs 136.86 (selling). It did not observe further change in the last trading hours and closed at Rs 133.41 (buying) and Rs 135.83 (selling).
UAE Dirham opened at Rs 23.16 (buying) and Rs 23.35 (selling) in the morning session against the last rate of Rs 23.20 (buying) and Rs 23.39 (selling). The value of Dirham against the rupee remained unchanged in the evening session and closed at Rs 23.16 (buying) and Rs 23.35 (selling).
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