The rupee on Friday recovered 85 paisa versus euro for buying and selling at Rs 71.85 and Rs 72.15, respectively.
Profit-taking in the single European currency trade and its sliding value in world markets helped the rupee gain some strength versus the euro in the kerb market, dealers said.
However, the rupee reversed its gaining trend against dollar, losing two paisa at Rs 57.55 and Rs 57.60 for buying and selling, respectively in kerb.
The dollar moved slightly lower versus euro and yen in international markets despite repeated warnings by European Central Bank (ECB).
INTERBANK RATES: Balanced demand and supply of dollars enabled the rupee to maintain its overnight levels in interbank market versus the greenback for buying and selling at Rs 57.38 and Rs 57.40, respectively.
According to market sources, the rupee might trade in a tight range in the interbank market due to unusual dollar demand for payments.
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Kerb Buying Rs 57.55
Kerb Selling Rs 57.60
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Friday.
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Buying Rs 57.38
Selling Rs 57.40
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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 4.50 7.00 5.50 7.20 6.05
1-Week 4.25 4.50 4.75 5.00 4.63
2-Week 2.75 3.00 3.25 3.50 3.13
1-Month 2.00 2.20 2.40 2.60 2.30
2-Month 2.10 2.30 2.50 2.70 2.40
3-Month 1.90 2.30 2.50 2.70 2.35
4-Month 2.00 2.25 2.50 2.75 2.38
5-Month 2.00 2.25 2.50 2.75 2.38
6-Month 2.20 2.40 2.60 2.80 2.50
9-Month 2.30 2.50 2.70 2.90 2.60
1-Year 2.40 2.60 2.80 3.00 2.70
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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 4.75 7.20 5.75 7.40 6.28
1-Week 4.50 4.75 5.00 5.25 4.88
2-Week 3.00 3.25 3.50 3.75 3.38
1-Month 2.40 2.60 2.80 3.00 2.70
2-Month 2.20 2.50 2.70 2.90 2.58
3-Month 2.10 2.35 2.65 2.80 2.48
4-Month 2.20 2.40 2.60 2.80 2.50
5-Month 2.20 2.40 2.60 2.80 2.50
6-Month 2.25 2.50 2.75 3.00 2.63
9-Month 2.40 2.60 2.90 3.20 2.78
1-Year 2.50 2.75 3.00 3.25 2.88
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RUPEE IN LAHORE: The dollar-rupee parity remained unchanged amid sluggish trading trend on the local currency markets on Friday.
There was no visible change in demand and supply situation of the greenback, which provided stability to the rupee.
The dollar commenced trading at Rs 57.50 and Rs 57.60 as its buying and selling rates, respectively.
The dollar recorded fractional change of one-two paisa in its buying and selling rates but finally it closed at the opening levels, the currency dealers said.
On the contrary, the rupee maintained registered increase in its worth against the pound sterling.
The pound was traded at Rs 104.15 and Rs 104.45 on buying and selling counters, respectively, as compared with the Thursday's closing level of Rs 104.85 and Rs 105.00, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The buying and selling rates of dollar against the rupee remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Friday.
The dollar opened at Rs 57.40 (buying) and Rs 57.50 (selling) against the same previous rates.
It did not observe any further change in the evening session and closed at Rs 57.40 (buying) and Rs 57.50 (selling), respectively.
Pound sterling opened at Rs 104.70 (buying) and Rs 104.90 (selling) against the same previous rates.
It did not observe any further change in the evening session and closed at Rs 104.70 (buying) and Rs 104.90 (selling), respectively.
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