The rupee-dollar official parity rates moved upward in the interbank market on Friday as the rupee picked up six paisa against dollar for buying and selling at Rs 60.57 and Rs 60.59, dealers said. Rising trend in the remittances from the overseas Pakistanis boosted the rupee's value in the interbank market, they added.
In the Asian market, at the week-end, dollar steadied against euro, as investors waited for a string of US data to shed more light on the timing of the next Federal Reserve interest rate cut.
The yen stayed off a 2-1/2-month low against euro but remained under downward pressure after the Bank of Japan on Thursday held interest rates steady at 0.5 percent, making investors feel comfortable about taking risky positions such as yen carry trades.
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Kerb Buying Rs 60.65
Kerb Selling Rs 60.70
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Buying Rs 60.57
Selling Rs 60.59
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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 9.90 9.90 9.90 9.95 9.91
1-Week 9.90 9.95 9.90 9.95 9.93
2-Week 9.50 9.60 9.60 9.70 9.60
1-Month 9.30 9.45 9.40 9.50 9.41
2-Months 9.25 9.35 9.35 9.45 9.35
3-Months 9.25 9.40 9.30 9.45 9.35
4-Months 9.25 9.40 9.35 9.45 9.36
5-Months 9.25 9.40 9.30 9.45 9.35
6-Months 9.30 9.40 9.35 9.50 9.39
9-Months 9.35 9.40 9.35 9.50 9.40
1-Year 9.35 9.50 9.40 9.60 9.46
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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 9.95 10.10 10.00 10.25 10.08
1-Week 9.95 10.00 10.00 10.25 10.05
2-Week 9.75 9.85 9.80 9.90 9.83
1-Month 9.50 9.70 9.60 9.75 9.64
2-Months 9.45 9.70 9.60 9.80 9.64
3-Months 9.45 9.75 9.50 9.80 9.63
4-Months 9.50 9.75 9.60 9.80 9.66
5-Months 9.50 9.90 9.65 9.90 9.74
6-Months 9.60 10.00 9.75 10.10 9.86
9-Months 9.75 10.10 10.00 10.25 10.03
1-Year 9.90 10.25 10.10 10.40 10.16
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The dollar resumed trading at overnight closing level of Rs 60.60 and Rs 60.70 as its buying and selling rates and moved up and closed at Rs 60.65 and Rs 60.75 on buying and selling sides.
The rupee recovered some of its earlier losses and improved against the pound sterling. The pound's buying rate declined from previous closing of Rs 122.70 to Rs 121.80 while its selling rate moved down from Rs 123.10 to Rs 122.20.
The dollar opened at Rs 60.60 (buying) and Rs 60.70 (selling) against same overnight value. It did not observe any change in the second session and closed at Rs 60.60 (buying) and Rs 60.70 (selling).
Pound Sterling opened at Rs 122.60 (buying) and Rs 122.70 (selling) against last rate of Rs 122.50 (buying) and Rs 122.60 (selling). It did not observe any change in the last trading hours and closed at Rs 122.60 (buying) and Rs 122.70 (selling).