Steady trend was seen on the currency market as the rupee managed to hold its overnight level in relation to dollar, dealers said. The rupee was up by one paisa versus dollar for buying at 85.84 while it shed same amount for selling at 85.89, they said.
INTERBANK MARKET RATES: In the third Asian trade dollar stabilised on Wednesday after a spike in US Treasury yields helped it recover from a sharp loss against euro in a yo-yo session the previous day marked by thin year-end flows.
The Swiss franc held near a record high against euro and dollar as investors sought refuge from euro zone debt, while dollar threatened to break below a familiar range against yen, another currency that tends to gain from risk-aversion.interbank forex, interest rates
Interbank buy/sell rates for taka against dollar on Wednesday: 70.74/70.75 (previous 70.72/70.72) Call Money Rates: 14.00-20.00 percent (previous 5.50-22.50 percent). The yuan closed up slightly against dollar on Wednesday and appeared to be set for a new leg of measured appreciation after the People's Bank of China fixed its mid-point near a record high for the second day.
The PBOC set the day's mid-point against dollar, from which yuan can rise or fall 0.5 percent in a given day, at 6.6247, up slightly from Tuesday's 6.6252 and just shy of a record high of 6.6239 on November. 12.
OPEN MARKET RATES: The rupee did not show any change versus dollar for buying and selling at 85.70 and 85.85, they said. The rupee, however, gained sharply in relation to euro, rising Rs 1.20 for buying and selling at Rs 111.90 and Rs 112.40, they said.
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Open Buying Rs 85.70
Open Selling Rs 85.85
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Buying Rs.85.84
Selling Rs.85.89
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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 13.50 12.50 13.60 12.96
1-Week 11.60 12.95 12.90 13.00 12.61
2-Week 11.65 12.95 12.90 13.00 12.63
1-Month 11.90 12.90 12.90 13.00 12.68
2-Months 12.25 13.10 12.90 13.20 12.86
3-Months 12.60 13.15 13.10 13.25 13.03
4-Months 12.70 13.15 13.10 13.25 13.05
5-Months 12.75 13.20 13.20 13.35 13.13
6-Months 13.05 13.30 13.25 13.40 13.25
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 12.25 13.50 12.50 13.60 12.96
1-Week 12.50 13.10 13.00 13.25 12.96
2-Week 12.25 13.20 13.10 13.30 12.96
1-Month 12.50 13.25 13.10 13.40 13.06
2-Months 12.75 13.40 13.20 13.50 13.21
3-Months 12.80 13.50 13.25 13.75 13.33
4-Months 12.90 13.50 13.30 13.75 13.36
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 showed strength and remained unchanged on buying side, while it gained 5-paisa in relation to the greenback in local currency market on Wednesday.
According to the moneychangers, the dollar commenced trading at Rs 85.65 and Rs 85.85, as its buying and selling rates, respectively. At the end of trading, the dollar could not sustain on account of lacking buying support and declined to Rs 85.60 and Rs 85.80 on buying and selling counters, respectively, they added.
Likewise, the pound sterling remained under pressure in the open market. The pound was purchased and sold at Rs 131.50 and Rs 132.50, as compared to overnight closing of Rs 132.00 and Rs 133.00, respectively, the moneychangers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar resumed trading at Rs 85.55 (buying) and Rs 85.80 (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 85.55 (buying) and Rs 85.80 (selling).
Pound Sterling opened at Rs 136.20 (buying) and Rs 136.70 (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 136.70 (selling).
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