Slight changes were seen on the currency market on Saturday in process of trading, dealers said. The rupee shed two paisa in relation to dollar for buying and selling at 86.55 and 86.59, they said.
INTERBANK MARKET RATES: At the weekend dollar hit a record low against the Swiss franc and a four-month trough against yen, both traditional safe-haven currencies, as weak data on US economic growth ignited fears the economy could slip into another recession.
The lawmakers were still unable to reach an agreement on the US debt ceiling on Friday, but there is no arguing that the dollar's safe-haven appeal should remain trumped by the Swiss franc and Japanese yen. With four days left before the United States hits its debt limit, Republicans pressed ahead with a deficit plan that cannot pass Congress and President Barack Obama told lawmakers to stop wasting time and find a way "out of this mess."
OPEN MARKET RATES: The rupee did not show any change in relation to the US currency for buying at 86.15 while it shed five paisa for selling at 86.35, they added. The rupee fell sharply versus euro, falling by Rs 1.16 for buying and selling at Rs 123.70 and Rs 124.20, they said.
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Open Buying Rs 86.15
Open Selling Rs 86.35
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Saturday.
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Buying Rs.86.55
Selling Rs.86.59
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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 13.60 13.90 13.80 13.90 13.80
1-Week 13.25 13.70 13.65 13.75 13.59
2-Week 13.10 13.65 13.65 13.70 13.53
1-Month 13.15 13.55 13.55 13.60 13.46
2-Months 13.20 13.50 13.50 13.55 13.44
3-Months 13.15 13.45 13.45 13.50 13.39
4-Months 13.15 13.45 13.50 13.55 13.41
5-Months 13.20 13.50 13.50 13.60 13.45
6-Months 13.25 13.55 13.50 13.60 13.48
9-Months 13.30 13.65 13.65 13.75 13.59
1-Year 13.40 13.65 13.65 13.75 13.61
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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 13.60 13.90 13.80 13.90 13.80
1-Week 13.25 13.75 13.65 13.80 13.61
2-Week 13.20 13.65 13.65 13.75 13.56
1-Month 13.20 13.55 13.55 13.65 13.49
2-Months 13.25 13.55 13.55 13.60 13.49
3-Months 13.30 13.55 13.50 13.60 13.49
4-Months 13.30 13.50 13.50 13.65 13.49
5-Months 13.30 13.55 13.55 13.65 13.51
6-Months 13.30 13.60 13.50 13.65 13.51
9-Months 13.50 13.70 13.60 13.75 13.64
1-Year 13.50 13.75 13.60 13.90 13.69
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RUPEE IN LAHORE: The Pak rupee showed stability and remained unchanged on buying side while it gained five-paisa on selling side in relation to the greenback in the local currency market on Saturday. According to the currency dealers, the dollar resumed trading at Friday closing of Rs 86.10 and Rs 86.30, as its buying and selling rates, respectively. The dollar witnessed invisible change in its value during the day's trading but finally ended at Rs 86.10 and Rs 86.25 on buying and selling side.
On the contrary, the rupee maintained downward slide and further declined against the British pound. The pound's buying and selling rates were increased from overnight closing of Rs 140.00 and Rs 140.50 to Rs 140.80 and Rs 141.50, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 86.00 (buying) and Rs 86.30 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 86.00 (buying) and Rs 86.30 (selling).
Pound Sterling opened at Rs 138.30 (buying) and Rs 138.45 (selling) against the overnight value. It did not observe further change in the evening session and closed at Rs 138.30 (buying) and Rs 138.45 (selling).
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