The rupee slipped against dollar, it, however, gained in terms of euro on the currency market on Saturday, money experts said. The rupee dropped by 13 paisa in relation to dollar for buying and selling at 84.33 and 84.38, they said. In the final Asian session dollar pared gains against euro after data showed US consumer sentiment improved in April.
INTERBANK MARKET RATES: The euro rose to 1.4420 dollars, from $1.4405 dollar, still down 0.5 percent on the day. The dollar fell to 83.10 yen from 83.13 before the release of the report, down 0.5 percent from the prior close. The Reuters/University of Michigan preliminary April consumer sentiment survey posted at 69.6, compared with the 68.5 expected and the reported 67.5 in March.
OPEN MARKET RATES: The rupee also came under pressure versus dollar on the open market as it shed 10 paisa for buying and selling at 84.40 and 84.60, they added. Meanwhile, the rupee rose by 33 paisa versus euro for buying and selling at Rs 120.99 and Rs 121.49, they said.
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Open Buying Rs 84.40
Open Selling Rs.84.60
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday.
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Buying Rs.84.33
Selling Rs.84.38
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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 12.50 13.00 12.70 13.25 12.86
1-Week 11.50 12.90 13.00 13.10 12.63
2-Week 11.60 13.00 13.00 13.10 12.68
1-Month 11.90 13.15 13.10 13.20 12.84
2-Months 12.40 13.20 13.20 13.25 13.01
3-Months 12.90 13.20 13.25 13.30 13.16
4-Months 13.00 13.25 13.30 13.35 13.23
5-Months 13.20 13.35 13.35 13.40 13.33
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 12.50 13.00 12.75 13.25 12.88
1-Week 12.25 13.00 13.00 13.15 12.85
2-Week 12.40 13.10 13.10 13.20 12.95
1-Month 12.70 13.20 13.15 13.30 13.09
2-Months 13.00 13.25 13.25 13.35 13.21
3-Months 13.10 13.35 13.30 13.45 13.30
4-Months 13.25 13.50 13.40 13.60 13.44
5-Months 13.40 13.60 13.45 13.65 13.53
6-Months 13.45 13.65 13.55 13.75 13.60
9-Months 13.50 13.70 13.60 13.75 13.64
1-Year 13.50 13.75 13.60 13.90 13.69
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RUPEE IN LAHORE: The Pak rupee opened on a positive sign and appreciated its value by 10-paisa against the dollar in the local currency market on Saturday.
According to the currency dealers, because of lacking buying support, the dollar remained under pressure and declined against the rupee. The dollar was ended lower at Rs 84.35 and Rs 84.60 against the overnight closing of Rs 84.45 and Rs 84.70, respectively.
Similarly, the rupee remained strong and recorder some of its earlier loss against the pound sterling. The pound was traded at Rs 137.00 and Rs 137.50, as compared to Friday closing of Rs 137.20 and Rs 137.80, respectively, the dealers said.
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 85.20 (buying) and Rs 85.45 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 85.20 (buying) and Rs 85.45 (selling).
Pound Sterling opened at Rs 136.35 (buying) and Rs 137.55 (selling) against the previous rate. It did not witness any change in the evening session and closed at Rs 136.35 (buying) and Rs 137.55 (selling).
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