The rupee maintained its surge in relation to the dollar in the interbank market on Friday, gaining four paisa for buying and selling at 60.74 and 60.75, respectively.
The rupee was able to continue its rise due to strong supply of US dollars, dealers said. In the world markets, the euro held near a 5-1/2 month high against the dollar on Friday, supported after an upbeat German business sentiment survey strengthened expectations that euro zone interest rates will keep rising into next year.
OPEN MARKET RATES: Same trend mirrored in the open market as the rupee rose by three paisa in relation to the dollar for buying at 60.80 and picking up five paisa for selling at 60.85, respectively. The rupee also gained 33 paisa in terms of the euro for buying and selling at Rs 78.50 and Rs 78.60, they said.
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Buying Rs 60.80
Selling Rs 60.85
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Friday.
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Buying Rs 60.74
Selling Rs 60.75
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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 9.40 9.45 9.40 9.45 9.43
1-Week 8.90 9.10 9.10 9.25 9.09
2-Weeks 8.80 9.10 9.00 9.20 9.03
1-Month 8.70 9.00 8.85 9.10 8.91
2-Months 8.70 8.90 8.80 9.00 8.85
3-Months 8.70 8.90 8.80 9.15 8.89
4-Months 8.75 9.00 8.85 9.15 8.94
5-Months 8.75 9.00 8.90 9.15 8.95
6-Months 8.80 9.10 8.90 9.20 9.00
9-Months 8.85 9.10 9.00 9.25 9.05
1-Year 8.90 9.10 9.10 9.35 9.11
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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 9.75 10.00 10.00 10.25 10.00
1-Week 9.25 10.00 9.75 10.25 9.81
2-Weeks 9.50 10.00 10.00 10.25 9.94
1-Month 9.75 10.50 10.00 10.75 10.25
2-Months 9.75 10.50 10.25 10.75 10.31
3-Months 10.00 10.50 10.25 10.75 10.38
4-Months 10.00 10.50 10.25 11.00 10.44
5-Months 10.25 10.75 10.50 11.00 10.63
6-Months 10.25 11.00 10.50 11.25 10.75
9-Months 10.25 11.00 10.50 11.25 10.75
1-Year 10.50 11.25 11.00 11.50 11.06
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RUPEE IN LAHORE: The rupee gained by 5 paisa versus dollar at Lahore currency market on Friday.
According to currency dealers, the dollar commenced trading unchanged at overnight rates of Rs 60.80 and Rs 60.90 for buying and selling, respectively. But in the absence of buyers, it could not sustain and started declining. At the end, the dollar was traded at Rs 60.75 and Rs 60.85 for buying and selling, respectively, dealers said.
However, the rupee shed 10 paisa against pound sterling. The British pound was purchased at Rs 116.80 and was sold at Rs 117.10 as compared to Rs 115.90 and Rs 116.20 of Thursday, dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi on Friday.
The dollar opened at Rs 60.90 (buying) and Rs 70 (selling) against same last rate. It did not witness any further change in the evening session and closed at Rs 60.90 (buying) and Rs 70 (selling).
Pound sterling opened at Rs 115 (buying) and Rs 115.20 (selling) against same last rate. British currency did not observe further change by the end of evening spell and closed at Rs 115 (buying) and Rs 115.20 (selling).
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