Bearish trend persisted in the interbank market on Friday as the rupee lost four paisa against dollar for buying at Rs 60.78 and it fell by five paisa for selling at Rs 60.80, dealers said. High demand for dollar kept the rupee under pressure and it seems the rupee may lose more ground in the coming days, they said.
Different banks bought nearly 80-90 million dollars to meet the importers' demand, they said. State Bank of Pakistan (SBP) released data showed that Pakistan's foreign exchange reserves during the week ending October 27, 2007 surging by 45.5 million dollars mounted to a new height of 16.3542 billion dollars.

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Open Buying             Rs 60.72
Open Selling            Rs 60.77
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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       8.25       2.50       8.50          5.31
1-Week        8.60       8.90       8.75       9.00          8.81
2-Weeks       8.80       9.10       9.00       9.15          9.01
1-Month       8.90       9.20       9.10       9.25          9.11
2-Months      9.20       9.30       9.30       9.40          9.30
3-Months      9.25       9.35       9.30       9.40          9.33
4-Months      9.30       9.40       9.35       9.45          9.38
5-Months      9.30       9.40       9.35       9.45          9.38
6-Months      9.30       9.45       9.35       9.50          9.40
9-Months      9.35       9.45       9.40       9.50          9.43
1-Year        9.35       9.50       9.40       9.55          9.45
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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       8.75       3.00       9.00          5.81
1-Week        8.90       9.25       9.10       9.40          9.16
2-Weeks       9.15       9.40       9.25       9.50          9.33
1-Month       9.25       9.50       9.35       9.60          9.43
2-Months      9.40       9.65       9.55       9.75          9.59
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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