KARACHI (October 15 2010): Firmness prevailed on the currency market on Thursday as a result of improved supply of the US dollars, dealers said. The rupee firmly held its overnight level in relation to the dollar for buying and selling at 85.95 and 86.00, they said. In the fourth Asian trade US dollar dropped to its lowest this year against a basket of currencies, driving the Australian dollar up near parity as expectations of US easing kept investors piling on bets against the greenback.INTERBANK MARKET RATES: Indian rupee was trading at Rs 44.51 versus dollar, Malaysian ringgit was available at 3.0815 in terms of the greenback and China yuan was at 6.6565 in relation to US dollar. OPEN MARKET RATES: The rupee extended its overnight gains, rising five paisa at 86.00 and 86.20 for buying and selling, they said. The rupee, however, failed to come out of the wood due to persistent rise of the single European currency versus major currencies, losing 65 paisa in relation to euro for buying and selling at Rs 120.38 and Rs 120.88, they added.
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Open Buying Rs 85.95
Open Selling Rs 86.00
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Buying Rs 86.00
Selling Rs 86.20
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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 10.75 11.50 11.00 11.75 11.25
1-Week 11.10 11.90 11.65 12.00 11.66
2-Week 11.25 12.00 11.80 12.10 11.79
1-Month 11.60 12.25 12.25 12.30 12.10
2-Months 12.20 12.35 12.35 12.40 12.33
3-Months 12.30 12.65 12.55 12.70 12.55
4-Months 12.50 12.75 12.75 12.80 12.70
5-Months 12.55 12.90 12.85 13.00 12.83
6-Months 12.60 12.90 12.80 13.00 12.83
9-Months 12.70 13.00 12.95 13.10 12.94
1-Year 12.80 13.00 13.00 13.15 12.99
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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 10.75 11.50 11.00 11.75 11.25
1-Week 11.25 12.00 11.70 12.10 11.76
2-Week 11.40 12.10 11.90 12.20 11.90
1-Month 12.10 12.40 12.25 12.50 12.31
2-Months 12.40 12.75 12.70 12.90 12.69
3-Months 12.50 13.00 12.85 13.10 12.86
4-Months 12.60 13.00 13.00 13.10 12.93
5-Months 12.70 13.10 13.10 13.20 13.03
6-Months 12.80 13.25 12.90 13.35 13.08
9-Months 12.90 13.30 13.10 13.40 13.18
1-Year 13.10 13.40 13.20 13.45 13.29
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RUPEE IN LAHORE: The Pak rupee lost 5-paisa on buying side while it remained unchanged on selling side against the dollar in the open currency market on Thursday.According to the moneychangers, there was no visible change in the dollar’s demand and supply situation. The dollar commenced trading at overnight closing of Rs 85.95 and Rs 86.25, as its buying and selling rates, respectively. However, at the end of trading, the dollar showed marginal improvement and was closed at Rs 86.00, while its selling rate remained intact at Rs 86.25, the moneychangers added.On the contrary, the rupee remained under pressure and registered considerable loss against the pound sterling. The pound was purchased and sold at Rs 136.50 and Rs 137.50, as compared to Wednesday closing of Rs 135.30 and Rs 136.00 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi here on Thursday.The dollar resumed trading at Rs 86.10 (buying) and Rs 86.50 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 86.10 (buying) and Rs 86.50 (selling).Pound Sterling opened at Rs 134.05 (buying) and Rs 135.20 (selling) in the morning session. It did not observe further change in the last trading hours and closed at Rs 134.05 (buying) and Rs 135.20 (selling) – Becorder
