The rupee gave up its overnight firmness against dollar on the interbank market due to heavy buying of the greenback, dealers said. The rupee lost 20 paisa versus the US currency for buying and selling at 85.35 and 85.40 in process of trading, they said.
INTERBANK MARKET RATES: At the weekend euro slipped against US dollar and could remain under pressure in the short run on concern about a worsening debt crisis in Portugal following the collapse of the country's government. While a pullback is likely, traders said euro should be supported as long as it holds above $1.40. Expectations of a euro-zone interest rate rise next month have helped the single currency's resilience despite worries about heavily indebted Portugal and Spain.
OPEN MARKET RATES: The rupee gained marginally in relation to dollar for buying and selling at 85.15 and 85.30, they added. The rupee recovered 93 paisa in terms of euro for buying and selling at Rs 119.45 and Rs 119.95, they said.
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Open Buying Rs 85.15
Open Selling Rs.85.30
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Saturday.
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Buying Rs.85.35
Selling Rs.85.40
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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 13.75 13.90 13.80 13.90 13.84
1-Week 12.25 13.40 13.40 13.50 13.14
2-Week 12.25 13.30 13.15 13.35 13.01
1-Month 12.00 13.20 13.20 13.30 12.93
2-Months 12.40 13.20 13.25 13.30 13.04
3-Months 12.50 13.25 13.30 13.40 13.11
4-Months 13.00 13.30 13.30 13.45 13.26
5-Months 13.20 13.45 13.40 13.50 13.39
6-Months 13.35 13.50 13.45 13.55 13.46
9-Months 13.40 13.60 13.50 13.65 13.54
1-Year 13.45 13.60 13.55 13.65 13.56
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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 13.75 13.90 13.85 13.95 13.86
1-Week 12.30 13.70 13.30 13.75 13.26
2-Week 12.40 13.50 13.30 13.60 13.20
1-Month 12.70 13.40 13.30 13.50 13.23
2-Months 13.00 13.45 13.35 13.50 13.33
3-Months 13.10 13.60 13.40 13.70 13.45
4-Months 13.25 13.65 13.45 13.75 13.53
5-Months 13.40 13.70 13.50 13.75 13.59
6-Months 13.50 13.75 13.70 13.90 13.71
9-Months 13.60 13.80 13.75 13.95 13.78
1-Year 13.50 13.90 13.80 14.00 13.80
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RUPEE IN LAHORE: The Pak rupee showed stability and remained unchanged against the dollar amid low trading activity in the open currency market on Saturday.
According to the currency dealers, there was no change in the dollar's demand and supply situation that helped rupee stability in the local market. The dollar was traded at its overnight closing of Rs 85.10 and Rs 85.40 on buying and selling sides, respectively.
The rupee maintained upward slide and further improved against the pound sterling that remained under selling pressure. The pound was ended lower at Rs 136.50 and Rs 137.50, as compared to Friday closing of Rs 137.00 and Rs 138.00, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained unchanged against the rupee at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar resumed trading at Rs 85.25 (buying) and Rs 85.35 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 85.25 (buying) and Rs 85.35 (selling).
Pound Sterling opened at Rs 136.40 (buying) and Rs 137.50 (selling) against the previous rate. It did not witness any change in the evening session and closed at Rs 136.40 (buying) and Rs 137.50 (selling).
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