Bearish trend persisted on the currency market on Saturday as importers continued buying dollars, bankers said. On the interbank market, the rupee shed 15 paisa against dollar, for buying and selling at 82.50 and 82.55, they said.
In New York, the dollar fell against euro as figures, showing stabilising euro zone economy and a good week for the US stock market, eroded demand for the greenback as a safe haven. Higher-yielding, commodity-based currencies such as the Australian and New Zealand dollars rose as investors took on more risk. But sterling, which typically benefits from higher risk appetite, fell after data showed the UK economy contracted far more than expected in the second quarter.
OPEN MARKET RATES: The rupee lost 10 paisa in terms of dollar for buying and selling at 82.40 and 82.50, dealers said. The rupee lost 27 paisa against euro for buying and selling at Rs 116.27 and Rs 116.77, they said.
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Buying Rs 82.50
Selling Rs 82.55
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Interbank Closing Rates: Interbank Closing Rates For Dollar On Saturday.
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Open Buying Rs 82.40
Open Selling Rs 82.50
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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 9.50 12.00 10.00 12.50 11.00
1-Week 11.00 12.00 11.75 12.25 11.75
2-Week 11.10 11.90 11.50 12.10 11.65
1-Month 11.00 11.50 11.60 11.75 11.46
2-Months 10.90 11.50 11.50 11.60 11.38
3-Months 10.90 11.50 11.50 11.70 11.40
4-Months 10.85 11.50 11.50 11.65 11.38
5-Months 10.85 11.55 11.55 11.75 11.43
6-Months 10.90 11.60 11.60 11.75 11.46
9-Months 10.90 11.60 11.60 11.80 11.48
1-Year 11.00 11.65 11.60 11.80 11.51
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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 10.00 12.50 10.50 12.75 11.44
1-Week 11.50 12.00 11.75 12.25 11.88
2-Week 11.50 12.25 11.75 12.50 12.00
1-Month 11.75 12.25 12.00 12.50 12.13
2-Months 11.60 12.00 11.90 12.10 11.90
3-Months 11.50 11.75 11.75 12.10 11.78
4-Months 11.55 11.90 11.80 12.10 11.84
5-Months 11.60 11.90 12.00 12.20 11.93
6-Months 11.60 12.00 11.90 12.25 11.94
9-Months 11.75 12.25 12.00 12.50 12.13
1-Year 11.75 12.25 12.10 12.50 12.15
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RUPEE IN LAHORE: The rupee declined by 10 paisa in relation to dollar in Lahore currency market on Saturday. According to dealers, the demand for dollars persisted, which kept the rupee under pressure. The dollar ended higher at Rs 82.40 and Rs 82.70 against Friday Rs 82.30 and Rs 82.60 on buying and selling sides, respectively. Similarly, the rupee also lost against British pound. The pound's buying and selling rates increased from overnight closing of Rs 134.00 and Rs 135.00 to Rs 134.30 and Rs 135.10, respectively, dealer said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar surged by 30 paisa against rupee at the currency markets of Islamabad and Rawalpindi on Saturday. The dollar opened at Rs 82.30 (buying) and Rs 82.40 (selling) against last rate of Rs 82 (buying) and Rs 82.10 (selling). It did not observe further change in the evening session and closed at Rs 82.30 (buying) and Rs 82.40 (selling). Pound sterling opened at Rs 134.20 (buying) and Rs 135.20 (selling) against same last rates. It did not observe further change in the evening session and closed at Rs 134.20 (buying) and Rs 135.20 (selling).
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