The rupee sustained its overnight firmness against dollar, it, however, maintained its rise versus euro on the currency market on Saturday, dealers said. The rupee inched up with a gain of one paisa against dollar at 85.75 for buying and rose by three paisa for selling at 85.77, they said.
INTERBANK MARKET RATES: At the week-end euro hit its lowest level against dollar in nearly four months on worries about use of euro zone peripheral country bonds as collateral and a drop in the US unemployment rate. It has been a rough 2011 so far for the euro, which has fallen 3.3 percent against the greenback, positioning it for the worst weekly loss in 6 weeks. The dollar initially gave up gains against euro after disappointing US job creation data. It recovered as traders saw a dip in the US unemployment rate supporting a stronger outlook for the greenback.
Talk the Swiss National Bank had excluded from eligibility the use of Portuguese bonds as collateral for bank loans weighed on the euro. Fears persisted even after the Swiss National Bank said that was not the case.
OPEN MARKET RATES: For the fourth day, the rupee maintained it's overnight levels in relation to dollar for buying and selling at 85.70 and 85.90, they added. The rupee maintained its surge in relation to euro, rising 80 paisa for buying and selling at Rs 110.10 and Rs 110.60, they said.
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Open Buying Rs 85.70
Open Selling Rs 85.90
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Saturday.
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Buying Rs.85.75
Selling Rs.85.77
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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 12.25 11.50 12.50 11.88
1-Week 11.65 12.40 12.50 12.65 12.30
2-Week 11.70 12.70 12.75 12.85 12.50
1-Month 12.00 12.75 12.80 12.90 12.61
2-Months 12.25 13.00 12.90 13.10 12.81
3-Months 12.70 13.15 13.10 13.25 13.05
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 13.25 13.40 13.30 13.45 13.35
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 11.25 12.30 11.50 12.55 11.90
1-Week 12.00 12.50 12.60 12.80 12.48
2-Week 12.40 12.70 12.80 12.90 12.70
1-Month 12.50 12.85 12.90 13.00 12.81
2-Months 12.75 13.25 13.25 13.40 13.16
3-Months 12.90 13.40 13.25 13.50 13.26
4-Months 12.90 13.50 13.30 13.60 13.33
5-Months 13.00 13.50 13.40 13.75 13.41
6-Months 13.30 13.70 13.50 13.90 13.60
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 its worth in relation to the greenback in the local currency market on Tuesday.
The dollar maintained its upward slide on account of buying support, said the currency dealers. The dollar resumed trading at Rs 85.70 and Rs 85.86, as its buying and selling rates and ended with marginal improvement on both sides, as it was closed at Rs 85.75 and Rs 86.00, respectively, they added.
Likewise, the Pak rupee also remained under pressure against the pound sterling. The pound was purchased and sold at Rs 132.33 and Rs 133.50, as compared to overnight closing at Rs 132.30 and Rs 133.00, respectively, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the currency markets of Islamabad and Rawalpindi on Saturday.
The dollar resumed trading at Rs 85.55 (buying) and Rs 85.80 (selling) against last 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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