Firm trend was seen on the currency market on Saturday as the rupee almost held its overnight levels in process of trading, dealers said. The rupee shed two paisa against dollar for buying at 86.89 while it maintained its overnight level for selling at 85.92, they said.
INTERBANK MARKET RATES: At the weekend in the NY market euro hit a two-month high above $1.36 and its break of important technical levels suggested more gains to come now that anxiety about a euro zone debt crisis has started to wane. The euro has outperformed dollar in eight of the last 10 sessions, and Friday's breach of $1.3570 took it above the 50 percent re-tracement of its November-to-January slide. It was last up 1 percent at $1.3615.
OPEN MARKET RATES: The rupee retained its overnight value against dollar for buying and selling at 86.00 and 86.20, they added.
While, the rupee rose by 35 paisa versus euro for buying and selling at Rs 115.55 and Rs 116.05, they said.
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Open Buying Rs 86.00
Open Selling Rs.86.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Saturday.
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Buying Rs.85.89
Selling Rs.85.92
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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 12.75 13.40 12.80 13.50 13.11
1-Week 11.55 12.85 12.80 12.90 12.53
2-Week 11.65 12.90 12.90 13.00 12.61
1-Month 11.90 12.95 12.95 13.05 12.71
2-Months 12.40 13.10 13.00 13.25 12.94
3-Months 12.80 13.15 13.15 13.30 13.10
4-Months 12.90 13.20 13.20 13.30 13.15
5-Months 13.00 13.25 13.25 13.40 13.23
6-Months 13.25 13.45 13.30 13.50 13.38
9-Months 13.25 13.60 13.60 13.75 13.55
1-Year 13.35 13.65 13.70 13.80 13.63
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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 12.75 13.50 12.90 13.60 13.19
1-Week 12.25 13.00 12.85 13.10 12.80
2-Week 12.30 13.00 13.00 13.25 12.89
1-Month 12.40 13.20 12.90 13.30 12.95
2-Months 12.75 13.30 13.25 13.40 13.18
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 13.65 13.90 13.64
9-Months 13.30 13.75 13.70 13.90 13.66
1-Year 13.40 13.80 13.75 13.90 13.71
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RUPEE IN LAHORE: The Pak rupee remained under pressure and lost 25-paisa on buying side, while it stayed unchanged on selling side in relation to the greenback in the local currency market on Saturday.
According to the moneychangers, because of decrease in dollar's supply, its rate moved up on buying side, while its rate on selling side remained intact. At the end of trading, the dollar was closed at Rs 86.05 and Rs 86.20 as its buying and selling rates, as compared to last day closing of Rs 85.80 and Rs 86.20, respectively, the moneychangers said.
On the other hand, the pound showed strength and recovered some of its earlier loss in the kerb market. The pound was purchased and sold at Rs 136.80 and Rs 137.20, as compared to last closing of Rs 135.50 and Rs 136.00, respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against dollar at the currency markets of Islamabad and Rawalpindi on Saturday.
The dollar resumed trading at Rs 85.60 (buying) and Rs 85.80 (selling) against same last rates. It did not observe further change in the evening session and closed at Rs 85.60 (buying) and Rs 85.80 (selling).
Pound sterling opened at Rs 136.30 (buying) and Rs 136.70 (selling) against same previous rates. It did not witness any change in the evening session and closed at Rs 136.30 (buying) and Rs 136.70 (selling).
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