As a result of intervention by the State Bank of Pakistan (SBP), the rates moved both ways on the currency market on Thursday in process of persisting demand for dollars, dealers said. In the interbank market, the rupee got rid of its overnight weakness against the dollar, recovering 30 paisa for buying at 79.15 and it also gained 35 paisa for selling at 79.20, they said.
Some money experts said that during the day the rupee touched the mark of 79.84 due to strong demand by the importers. During the fourth session, yen edged off a three-year peak against euro after co-ordinated global interest rate cuts gave a slight boost to some battered Asian stock markets and helped improve investor appetite for risk. But market players were cautious about how sustainable any improvement is after the panic that has gripped financial markets around the world this week, sparking a sharp sell-off in stocks, higher-yielding currencies and commodities.

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Open Buying             Rs 79.80
Open Selling            Rs 80.20
================================

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Buying                Rs 79.45
Selling               Rs 79.55
==============================
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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    11.50     12.50      12.00       12.75         12.19
1-Week       12.00     12.25      12.25       12.40         12.23
2-Week       12.10     12.30      12.40       12.60         12.35
1-Month      12.25     12.40      12.35       12.50         12.38
2-Months     12.40     12.60      12.55       12.65         12.55
3-Months     12.45     12.60      12.60       12.70         12.59
4-Months     12.45     12.60      12.60       12.70         12.59
5-Months     12.45     12.60      12.60       12.70         12.59
6-Months     12.50     12.65      12.60       12.70         12.61
9-Months     12.50     12.65      12.60       12.70         12.61
1-Year       12.55     12.65      12.65       12.75         12.65
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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    15.00     35.00      16.00       38.00         26.00
1-Week       15.00     25.00      16.00       30.00         21.50
2-Week       14.00     25.00      16.00       26.00         20.25
1-Month      14.00     20.00      15.00       22.00         17.75
2-Months     14.00     18.00      15.00       20.00         16.75
3-Months     14.00     18.00      15.00       20.00         16.75
4-Months     14.00     17.00      15.00       19.00         16.25
5-Months     14.25     17.00      15.25       18.00         16.13
6-Months     14.25     17.00      15.25       18.00         16.13
9-Months     15.00     18.00      16.00       20.00         17.25
1-Year       15.50     19.00      16.00       20.00         17.63
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