The rupee on Wednesday shed two paisa against the dollar in the interbank market for buying and selling at 59.68 and 59.69, dealers said. Higher demand for dollars for the payment of import bills toppled the rupee at the end of fiscal year, currency analysts said. They said that due to the State Bank of Pakistan's (SBP) strict watch over the currency fluctuations the rupee has been protected against the unusual fall versus the dollar during the out-going fiscal.
According to the data released by the Federal Bureau of Statistic, the trade deficit has risen to 5.51 billion dollars during the 11 months of the current fiscal year.
In the overseas markets, the dollar gave up it's slide versus the euro as leading investors continued dollars' buying on the expectation that the Federal Reserve will raise the US interest rates in the coming days, dealers said.
The rupee, however, recovered from the overnight weakness versus the euro, gaining 50 paisa for buying and selling at Rs 73.30 and Rs 73.50 on falling the single European currency's value in the world markets, they said.

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Kerb Buying             Rs 60.42
Kerb Selling            Rs 60.45
================================

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Buying                Rs 59.68
Selling               Rs 59.69
==============================
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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   5.50       8.25       6.00        8.90           7.16
1-Week      6.25       7.00       6.75        7.50           6.88
2-Week      6.50       7.00       7.00        7.50           7.00
1-Month     6.50       6.75       7.00        7.25           6.88
2-Months    6.75       7.00       7.00        7.40           7.04
3-Months    7.25       7.50       7.80        8.00           7.64
4-Months    7.30       7.60       8.00        8.10           7.75
5-Months    7.40       7.70       7.90        8.25           7.81
6-Months    7.75       7.85       8.00        8.10           7.93
9-Months    7.90       8.20       8.25        8.50           8.21
1-Year      8.20       8.40       8.50        8.75           8.46
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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   6.50       8.75       7.00        9.00           7.81
1-Week      6.75       7.50       7.25        8.00           7.38
2-Week      7.00       7.50       7.50        8.00           7.50
1-Month     7.00       7.25       7.50        7.75           7.38
2-Months    7.25       7.50       7.50        7.90           7.54
3-Months    7.75       8.00       8.30        8.50           8.14
4-Months    7.80       8.10       8.50        8.60           8.25
5-Months    7.90       8.20       8.50        8.75           8.34
6-Months    8.25       8.50       9.00        9.25           8.75
9-Months    8.50       8.70       9.00        9.40           8.90
1-Year      8.70       8.90       9.20        9.30           9.03
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