The smooth supply of the dollar in the interbank market helped the rupee recover two paisa in the open market on Thursday versus the greenback for buying and selling at Rs 57.68 and Rs 57.73, respectively.
Some dealers said the rupee would maintain its stability owing to the slow demand for the dollars, while the rupee, however, lost 35 paisa in relation to the euro for buying and selling at Rs 70.00 and Rs 70.30, respectively.
In the world markets, the dollar fell versus the euro on rising turmoil in Iraq.
INTERBANK RATES: The rupee sustained its overnight levels in terms of the dollar for buying and selling at Rs 57.36 and Rs 57.37, respectively.
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Kerb Buying Rs 57.68
Kerb Selling Rs 57.73
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Thursday.
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Buying Rs 57.36
Selling Rs 57.37
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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 5.50 7.40 6.25 7.45 6.65
1-Week 2.50 2.75 2.75 3.00 2.75
2-Week 2.00 2.20 2.40 2.60 2.30
1-Month 1.65 1.70 1.90 2.10 1.84
2-Months 1.70 1.80 2.10 2.20 1.95
3-Months 1.80 1.90 2.10 2.25 2.01
4-Months 1.70 1.80 2.00 2.20 1.93
5-Months 1.75 1.85 2.05 2.20 1.96
6-Months 1.80 1.95 2.20 2.30 2.06
9-Months 2.10 2.30 2.50 2.70 2.40
1-Year 2.30 2.50 2.70 2.90 2.60
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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 5.75 7.45 7.40 7.50 7.03
1-Week 2.70 2.90 3.10 3.30 3.00
2-Week 2.30 2.50 2.70 2.90 2.60
1-Month 1.90 2.10 2.30 2.40 2.18
2-Month 2.00 2.20 2.40 2.60 2.30
3-Month 2.00 2.20 2.40 2.60 2.30
4-Month 1.90 2.10 2.30 2.50 2.20
5-Month 2.00 2.20 2.40 2.60 2.30
6-Month 2.20 2.40 2.40 2.60 2.40
9-Month 2.20 2.40 2.60 2.80 2.50
1-Year 2.40 2.60 2.80 3.00 2.70
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RUPEE IN LAHORE: The rupee remained firm as it improved its worth by five-paisa in relation to the greenback on the local currency markets on Thursday.
The dollar moved down due to surge in its supply situation against the demand. The dollar started trading at overnight closing levels of Rs 57.75 and Rs 57.85 on buying and selling sides, respectively. At the end, it was closed lower at Rs 57.70 and Rs 57.80 as its buying and selling rates, respectively.
The currency dealers were of the view that dollar would not show any significant movement and would move around the prevailing rates during next couple of days.
On the contrary, the rupee remained under pressure and lost its value against the pound sterling. The pound's buying rate improved from Wednesday's closing rate of Rs 105.60 to Rs 105.80, while selling rate moved up from Rs 106 to Rs 106.20, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged on the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 57.70 (buying) and Rs 57.80 (selling) against the same overnight values. It did not observe any further change in the evening session and closed at Rs 57.70 (buying) and Rs 57.80 (selling).
Pound sterling opened at Rs 106 (buying) and Rs 106.10 (selling) against same last rates. It did not witness any further change in the evening session and closed at Rs 106 (buying) and Rs 106.10 (selling).
Canadian dollar opened at Rs 44.60 (buying) and Rs 44.70 (selling) against the same last rates. It remained firm against the rupee in the second session and closed at Rs 44.60 (buying) and Rs 44.70 (selling).
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