Rates were almost unchanged on the currency market on Thursday due to easy supply of dollars, dealers said. The rupee slipped versus dollar, losing one paisa for buying at 85.90 and shedding two paisa at 85.95 for selling, they said. In the fourth Asian trade US dollar was on the defensive as speculation that the Federal Reserve will soon start printing more money drove down Treasury yields and kept the greenback pinned near a five-month low on euro.
OPEN MARKET RATES: But in holiday-thinned Asian trade, one currency faring worse was the New Zealand dollar as data showed the country's economy grew just 0.2 percent last quarter, far below expectations. Interbank buy/sell rates for taka against dollar.: 69.75/69.7950 (previous 69.72/69.75) Call Money Rates: 4.00-6.00 percent (previous 4.00-6.00 percent). Indian rupee was trading at Rs 45.66 versus dollar, Malaysian ringgit was at 3.1000 in terms of the US currency and Chinese yuan was available at 6.706 in relation to the greenback.
INTERBANK MARKET RATES: The rupee lost five paisa against dollar at 85.95 for buying while it maintained its level for selling at 86.10, they said. The rupee also slipped in relation to euro, losing 24 paisa for buying and selling at Rs 113.41 and Rs 113.91, they added.
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Open Buying Rs 85.95
Open Selling Rs 86.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Buying Rs 85.90
Selling Rs 85.95
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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 10.00 10.75 10.10 11.00 10.46
1-Week 11.45 11.70 11.70 11.90 11.69
2-Week 11.50 12.10 12.20 12.30 12.03
1-Month 11.60 12.40 12.30 12.45 12.19
2-Months 12.00 12.45 12.40 12.50 12.34
3-Months 12.20 12.50 12.45 12.60 12.44
4-Months 12.30 12.55 12.50 12.65 12.50
5-Months 12.35 12.60 12.50 12.75 12.55
6-Months 12.50 12.70 12.60 12.80 12.65
9-Months 12.60 12.75 12.70 12.85 12.73
1-Year 12.70 12.80 12.75 12.90 12.79
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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 10.00 10.75 10.10 11.00 10.46
1-Week 11.50 11.90 11.75 12.00 11.79
2-Week 11.60 12.30 12.20 12.40 12.13
1-Month 12.10 12.50 12.40 12.50 12.38
2-Months 12.25 12.70 12.60 12.75 12.58
3-Months 12.40 12.75 12.70 12.90 12.69
4-Months 12.40 12.90 12.70 13.00 12.75
5-Months 12.50 13.00 12.70 13.10 12.83
6-Months 12.50 13.10 12.80 13.25 12.91
9-Months 12.60 13.20 12.80 13.30 12.98
1-Year 12.70 13.25 12.80 13.35 13.03
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RUPEE IN LAHORE: The Pak rupee maintained downward slide and further lost five paisa, while it stayed unchanged in relation to the greenback in the local currency market on Thursday.
According to the currency dealers, the dollar marginally rose from overnight closing of Rs 85.70 to Rs 85.75 on buying side while in the absence of buying support, the dollar stayed unchanged at Rs 85.90.
On the contrary, the rupee showed stability on buying side and remained unchanged whereas its selling rate against the pound sterling moved down. The pound was purchased and sold at Rs 133.50 and Rs 134.70, as compared to Wednesday closing of Rs 133.50 and Rs 134.70, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rate of rupee against dollar remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar resumed trading at Rs 84.71 (buying) and Rs 85.00 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 83.20 (buying) and Rs 85.20 (selling).
Pound Sterling opened at Rs 128.29 (buying) and Rs 132.12 (selling) against the previous rate of Rs 128.16 (buying) and Rs 132.02 (selling). It did not observe further change in the last trading hours and closed at Rs 128.29 (buying) and Rs 132.12 (selling).
UAE Dirham opened at Rs 22.88 (buying) and Rs 23.37 (selling) in the morning session against the last rate of Rs 22.88 (buying) and Rs 23.37 (selling). The value of Dirham against the rupee remained unchanged in evening session and closed at Rs 22.88 (buying) and Rs 23.37 (selling).
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