The rupee gave up its overnight weakness against dollar on the interbank market on Thursday, rising five paisa for buying and selling at 78.95 and 79.00, dealers said. Good supply of dollars aided the rupee to recover some ground, but many analysts were of the view that most likely the rupee would come under pressure in the near future as a result of the State Bank of Pakistan (SBP) withdrawal from the furnace oil payments.
Reportedly, the SBP governor has said that the rupee may lose its value by rupees 2 to 3 versus dollar in the coming days. It is very much obvious that when the central bank stop oil payments there will be shortage of dollars and this would be a major factor to push the local currency down, money experts said. During the forth Asian trading dollar dipped against yen, after rising the previous day due to a rally in US shares and after the US Federal Reserve refrained from committing to purchase long-dated Treasuries.
The Fed kept interest rates near zero on Wednesday after a two-day policy meeting, although it said it was prepared to buy long-term Treasury debt if that would help improve credit conditions.
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Open Buying Rs 79.00
Open Selling Rs 79.30
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Buying Rs 78.95
Selling Rs 79.00
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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 14.00 14.90 14.50 14.90 14.58
1-Week 11.75 12.25 12.00 12.50 12.13
2-Week 11.75 12.10 11.90 12.25 12.00
1-Month 11.75 12.25 12.00 12.50 12.13
2-Months 12.40 12.80 12.75 13.00 12.74
3-Months 13.10 13.40 13.25 13.50 13.31
4-Months 13.25 13.75 13.75 14.00 13.69
5-Months 13.50 13.75 13.75 14.00 13.75
6-Months 13.40 13.65 13.90 14.10 13.76
9-Months 13.90 14.20 14.25 14.50 14.21
1-Year 14.00 14.25 14.30 14.55 14.28
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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 14.50 15.00 14.90 15.25 14.91
1-Week 13.00 14.50 14.00 15.00 14.13
2-Week 12.50 14.00 13.00 14.25 13.44
1-Month 13.00 14.50 14.00 14.50 14.00
2-Months 14.00 15.00 15.00 15.50 14.88
3-Months 14.50 15.50 15.00 15.75 15.19
4-Months 14.75 15.50 15.25 15.75 15.31
5-Months 15.00 15.75 15.50 16.00 15.56
6-Months 15.00 16.00 15.75 16.50 15.81
9-Months 15.50 16.25 16.00 16.50 16.06
1-Year 16.00 16.50 16.50 17.00 16.50
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