The rupee managed to recover against dollar on the currency market on Tuesday as US currency supply eased in process of trading, dealers said.
INTER-BANK MARKET RATES: The rupee rose by three paisa in terms of the US currency for buying at 86.22 and gained five paisa for selling at 86.25, they said.
In the second Asian trade euro held steady, taking a breather after its slide to a record low versus the Swiss franc the previous day, but is still vulnerable to fears that Europe's debt crisis could worsen.
The single currency stabilised versus dollar after having bounced off chart support near $1.4007 the previous day, and could extend that rebound given market talk of stop-loss bids near $1.4140.
But its outlook was clouded by heightened concerns that the debt crisis engulfing Greece may ensnare Italy and Spain as well.
Highlighting such worries, yields on both Italian and Spanish 10-year government bonds climbed above six percent on Monday, taking them closer to the seven percent level, beyond which funding costs are perceived to be unsustainable.
The yuan ended up against dollar on Tuesday, even after the People's Bank of China set a marginally lower mid-point, as the dollar index dropped in early European trade. Indian rupee was trading at Rs 44.57 versus dollar and Malaysian ringgit was available at 3.007 in terms of the greenback.
Bangladesh interbank buy/sell rates for taka against dollar on Tuesday: 74.52/74.59 (previous 74.52/74.53). Call Money Rates: 9.00-12.00 percent (previous 10.00-12.00 percent).
OPEN MARKET RATES: The rupee recovered 10 paisa in relation to the greenback for buying at 86.00 while it did not show any change for selling at 86.20, they added.
The rupee, however, lost 72 paisa in relation the euro for buying at Rs 121.72 and at Rs 122.22, 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 Tuesday.
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Buying Rs 86.22
Selling Rs 86.25
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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 13.50 13.90 13.70 13.90 13.75
1-Week 12.90 13.50 13.50 13.55 13.36
2-Week 13.00 13.45 13.45 13.50 13.35
1-Month 13.00 13.40 13.40 13.50 13.33
2-Months 13.10 13.40 13.40 13.45 13.34
3-Months 13.15 13.40 13.40 13.45 13.35
4-Months 13.15 13.40 13.40 13.50 13.36
5-Months 13.20 13.45 13.45 13.55 13.41
6-Months 13.25 13.50 13.50 13.60 13.46
9-Months 13.30 13.60 13.60 13.70 13.55
1-Year 13.40 13.65 13.65 13.75 13.61
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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 13.50 13.90 13.70 13.90 13.75
1-Week 13.00 13.50 13.50 13.60 13.40
2-Week 13.10 13.50 13.50 13.60 13.43
1-Month 13.15 13.45 13.45 13.50 13.39
2-Months 13.15 13.45 13.45 13.50 13.39
3-Months 13.20 13.50 13.45 13.60 13.44
4-Months 13.20 13.50 13.50 13.65 13.46
5-Months 13.25 13.55 13.50 13.65 13.49
6-Months 13.30 13.60 13.50 13.65 13.51
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-dollar parity remained unchanged amid low trading activity in the local currency market on Tuesday.
According to the currency dealers, there was no change in the dollar's demand and supply situation that helped rupee stability in the open market. The dollar was traded at its overnight closing level of Rs 86.00 and Rs 86.20 on buying and selling side, respectively.
Similarly, the rupee showed stability on buying side while it was declined on the selling side in relation to the pound sterling. The pound was purchased and sold at Rs 138.00 and Rs 138.80 as compared to Monday closing of Rs 138.00 and Rs 138.60, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Tuesday.
The dollar opened at Rs 86.00 (buying) and Rs 86.25 (selling) against same overnight value. It did not observe further change in the second session and closed at Rs 86.00 (buying) and Rs 86.25 (selling).
Pound Sterling opened at Rs 138.30 (buying) and Rs 138.45 (selling) against same overnight value. It did not observe further change in the last trading hours and closed at Rs 138.30 (buying) and Rs 138.45 (selling).
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