Mixed trend was again witnessed on the currency market on Saturday in process of trading, dealers said. The rupee shed five paisa against dollar for buying at 85.80 and lost four paisa for selling at 85.84, they said. At the weekend the US dollar pared gains against euro after the head of the European Central Bank said euro zone recovery was on track, but an improving economic outlook should keep the greenback firm.
INTERBANK MARKET RATES: The euro came back after ECB President Jean-Claude Trichet said that since the start of the recovery in the third quarter of 2009 the bank has revised upward every growth projection for the euro zone. In early afternoon New York trade, euro was 0.12 percent lower at $1.3226, but above the session's low of $1.3179.
OPEN MARKET RATES: The rupee rose by five paisa against dollar for buying at 85.55 while it held its overnight level for selling at 85.75, they said. The rupee also gained 18 paisa against euro for buying and selling at Rs 112.82 and Rs 112.32, they said.
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Open Buying Rs 85.80
Open Selling Rs 85.84
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Saturday.
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Buying Rs 85.55
Selling Rs 85.75
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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 11.00 12.20 11.10 12.30 11.65
1-Week 11.60 12.45 12.30 12.50 12.21
2-Week 11.70 12.50 12.40 12.55 12.29
1-Month 11.90 12.70 12.70 12.75 12.51
2-Months 12.20 12.90 12.90 13.00 12.75
3-Months 12.55 13.10 13.05 13.20 12.98
4-Months 12.70 13.10 13.10 13.25 13.04
5-Months 12.75 13.20 13.20 13.35 13.13
6-Months 13.00 13.30 13.25 13.40 13.24
9-Months 13.10 13.40 13.30 13.60 13.35
1-Year 13.25 13.50 13.40 13.60 13.44
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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 11.00 12.25 11.10 12.30 11.66
1-Week 11.90 12.50 12.35 12.60 12.34
2-Week 12.10 12.75 12.60 12.85 12.58
1-Month 12.40 13.10 12.90 13.25 12.91
2-Months 12.50 13.50 13.20 13.60 13.20
3-Months 12.75 13.50 13.25 13.75 13.31
4-Months 12.80 13.50 13.30 13.75 13.34
5-Months 13.00 13.50 13.40 13.75 13.41
6-Months 13.10 13.60 13.40 13.90 13.50
9-Months 13.25 13.60 13.50 13.90 13.56
1-Year 13.25 13.75 13.60 14.00 13.65
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RUPEE IN LAHORE: The Pak rupee remained under pressure and lost 10-paisa on buying counter (Rs 85.60) and 5-paisa on selling counter (Rs 85.80)against the greenback in local currency markets on Saturday.
The currency dealers mentioned that dollar showed strength and improved its worth in local kerb on account of fresh buying support. The dollar resumed trading at Rs 85.50 and Rs 85.75, as its buying and selling rates, respectively and closed with appreciation in its worth on both counters at Rs 85.60 and Rs 85.80, respectively, they added.
On the contrary, the Pak rupee gained strength against the Pound Sterling on buying side, while remained unchanged on selling side. The Pound was purchased and sold at Rs 134.50 and Rs 135.50, as compared to overnight closing of Rs 134.80 and Rs 135.50, 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 Saturday.
The dollar resumed trading at Rs 85.50 (buying) and Rs 85.60 (selling) against the rate of Rs 86.20 (buying) and Rs 86.30 (selling). It did not observe further change in the evening session and closed at Rs 85.50 (buying) and Rs 85.60 (selling).
Pound Sterling opened at Rs 136.20 (buying) and Rs 136.60 (selling) in the morning session. It did not observe further change in the last trading hours and closed at Rs 136.20 (buying) and Rs 136.60 (selling).
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