The rupee strive hard to hold its overnight levels against dollar on the interbank market on Tuesday, but failed to retain, losing 25 paisa for buying at 81.45 and it also shed 10 paisa for selling at 81.50, dealers said. The rupee ended weaker on import payments but dealers said there was talk of verbal intervention by the State Bank of Pakistan (SBP) which helped the rupee stay firm around 81 versus dollar.
During the middle of the day, the rupee was quoted at 81.25 and 81.75 against dollar. Last week the rupee set a record low of 84.40 but suspected central bank intervention helped it recover to trade at around the level of 81.00. There was dullness amid uncertainty about the economic situation regarding International Monetary Fund (IMF) assistance and foreign inflows, currency viewers said.
They also said that there are still some import payments due but the rupee probably won't recover until there is some clarity on inflows. During the second Asian trading session dollar held near a 16-month high against a basket of currencies, benefiting from worries over a deterioration in the global economy. The US currency edged up as traders cited ongoing demand from banks picking up dollars for their funding needs, as well as some speculation that market players needed to acquire dollars to settle credit derivatives tied to the bankruptcy of Lehman Brothers. The dollar got a boost from Federal Reserve Chairman Ben Bernanke's testimony to Congress on Monday endorsing more government spending to stimulate the US economy.

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Open Buying             Rs 82.50
Open Selling            Rs 83.00
================================

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Buying                Rs 81.45
Selling               Rs 81.50
==============================
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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     8.25     10.50       8.50       11.00          9.56
1-Week        9.75     10.25      10.00       10.50         10.13
2-Week       11.00     11.25      11.25       11.50         11.25
1-Month      11.75     12.00      11.90       12.10         11.94
2-Months     12.30     12.40      12.40       12.50         12.40
3-Months     12.40     12.50      12.50       12.60         12.50
4-Months     12.40     12.55      12.50       12.60         12.51
5-Months     12.45     12.60      12.55       12.65         12.56
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
=================================================================
Overnight    13.00     19.00      14.00       20.00         16.50
1-Week       13.00     17.00      14.00       18.00         15.50
2-Week       13.00     17.00      14.00       18.00         15.50
1-Month      12.50     16.00      13.50       17.00         14.75
2-Months     13.00     15.00      14.00       16.00         14.50
3-Months     13.00     15.00      14.00       16.00         14.50
4-Months     13.00     15.00      14.00       16.00         14.50
5-Months     13.50     15.50      14.50       16.50         15.00
6-Months     13.50     15.50      14.50       16.50         15.00
9-Months     14.50     16.00      15.50       17.00         15.75
1-Year       14.50     16.00      15.50       17.00         15.75
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