High dollar demand for oil payments and low inflow pushed the rupee sharply down in the inter-bank market on Tuesday, losing 14 paisa versus dollar at Rs 59.53 and Rs 59.55 for buying and selling, respectively, dealers said. Sky-high increase in world oil prices made the payments higher to the foreign countries and increased the demand for dollars, analysts said.
Oil importers were the main buyers, who had to pay some 30-40 million dollars during the day, which toppled the rates sharply, they added.
In the meantime, the State Bank of Pakistan (SBP) was carefully watching the fluctuation to keep the rupee at reasonable level, analysts said.
The rupee might observe sharp fall after sharp slide in the official rates, they added.
The rupee, however, gained 60 paisa in relation to euro for buying and selling at Rs 73.25 and Rs 73.55.
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Kerb Buying Rs 59.75
Kerb Selling Rs 59.80
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Buying Rs 59.53
Selling Rs 59.55
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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 2.00 5.00 4.00 7.00 4.50
1-Week 4.25 4.50 4.75 5.00 4.63
2-Week 3.25 3.50 3.75 4.00 3.63
1-Month 3.00 3.25 3.40 3.60 3.31
2-Months 3.00 3.25 3.50 3.75 3.38
3-Months 3.20 3.40 3.50 3.75 3.46
4-Months 3.20 3.40 3.60 3.80 3.50
5-Months 3.25 3.50 3.75 4.00 3.63
6-Months 3.40 3.60 3.80 4.00 3.70
9-Months 3.50 3.70 3.90 4.10 3.80
1-Year 3.75 4.00 4.25 4.50 4.13
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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 2.50 5.50 4.50 7.00 4.88
1-Week 4.50 4.75 5.00 5.25 4.88
2-Week 3.50 3.75 4.00 4.25 3.88
1-Month 3.25 3.50 3.75 3.90 3.60
2-Month 3.25 3.50 3.75 4.00 3.63
3-Month 3.50 3.75 4.00 4.25 3.88
4-Month 3.50 3.75 4.10 4.30 3.91
5-Month 3.60 3.80 4.25 4.50 4.04
6-Month 3.75 4.00 4.30 4.60 4.16
9-Month 4.00 4.25 4.50 4.75 4.38
1-Year 4.00 4.30 4.75 5.00 4.51
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