Firm trend was seen in the interbank market on Tuesday as the rupee almost maintained its overnight levels against dollar for buying and selling at Rs 60.59 and RS 60.60, respectively. The rupee held its last levels as dollars' supply has eased and it is likely that the rupee might be able to stand firm in the near future, dealer said.
In the meantime, some currency analysts observed that it's a fact that the supply of dollar is strong as the State Bank of Pakistan (SBP) is not allowing the rupee to fall against the dollar. They said that it qas observed that depreciation of the rupee did not help in increasing the country's exports in the past. To give a boost to the country's exports the central bank devalue the rupee but in vein.
Because, instead of a rise the exports show declining trend and imports were going up, they said. The government was importing high technologies to improve exports but the exporters despite getting a lot of facilities and concessions from the government, are making hue and cry over the raise in the interest rates, power shut down and several other hurdles for not achieving the desired purpose. The rupee may come under pressure if the exports don't show any significant improvement, they guessed.
Worries about growth in the United States slowing at a time when it is expected to remain relatively solid in other major economies were likely to keep dollar under pressure, analysts said.

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Buying                  Rs 60.65
Selling                 Rs 60.75
================================

==============================
Buying                Rs 60.59
Selling               Rs 60.60
==============================
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Repo Rates (Yield p a)
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Tenor      Low Bid   High Bid   Low Offer   High Offer    Average
=================================================================
Overnight   8.75       9.15       8.90        9.25           9.01
1-Week      8.75       8.90       8.85        9.00           8.88
2-Weeks     8.75       8.85       8.85        8.95           8.85
1-Month     8.80       8.90       8.90        9.00           8.90
2-Months    8.80       8.90       8.85        9.00           8.89
3-Months    8.80       8.90       8.85        9.00           8.89
4-Months    8.85       8.95       8.90        9.05           8.94
5-Months    8.80       9.00       8.90        9.05           8.94
6-Months    8.85       9.05       8.95        9.15           9.00
9-Months    8.85       9.10       9.00        9.15           9.03
1-Year      8.90       9.10       9.10        9.20           9.08
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Call Rates (Yield p a)
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Tenor      Low Bid   High Bid   Low Offer   High Offer    Average
=================================================================
Overnight   8.90       9.40       9.00        9.50           9.20
1-Week      9.00       9.40       9.25        9.50           9.29
2-Weeks     9.00       9.40       9.25        9.50           9.29
1-Month     9.10       9.25       9.25        9.50           9.28
2-Months    9.25       9.50       9.50        9.75           9.50
3-Months    9.40       9.60       9.60        9.80           9.60
4-Months    9.50       9.75       9.75       10.00           9.75
5-Months    9.75      10.00      10.00       10.25          10.00
6-Months    9.75      10.25      10.00       10.50          10.13
9-Months   10.00      10.50      10.50       11.00          10.50
1-Year     10.25      10.75      10.50       11.00          10.63
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