THE RUPEE: no big gap in kerb, interbank rates

KARACHI : As a result of high inflows of dollar there was no major difference between the interbank and open market rates, money experts said. The rupee retained its firmness in relation to dollar gaining six paisa more for buying and selling at 84.35 and 84.40, they said.

INTERBANK MARKET RATES: In the fourth Asian trade dollar tumbled to a three-year low against a basket of currencies on Thursday, with market players selling the greenback to buy buoyant risky assets in a move that threatens to drive the dollar index towards its historic low. The dollar has taken a hit in the past few days as investors have flocked back to higher-yielding currencies, commodities and equities after a brief shake-out earlier in the week.Indian rupee was trading at Rs 44.32 versus dollar, Malaysian ringgit was at 3.0080 in relation to the greenback and Chinese yuan was at 6.5187 in terms of the greenback.

OPEN MARKET RATES: The rupee did not show any change versus dollar for buying at 84.40 while it gained 10 paisa for selling at 84.50, they added. The rupee, however, extended its fall in terms of euro, losing further Rs 1.07 for buying and selling at Rs 122.87 and Rs 123.37, they said.

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Open Buying     Rs 84.40
Open Selling    Rs 84.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
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Buying          Rs 84.35
Selling         Rs.84.40
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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     12.75     13.80      13.00       13.90        13.36
1-Week        11.50     12.90      12.85       13.00        12.56
2-Week        11.60     12.90      12.90       13.00        12.60
1-Month       11.90     13.00      13.00       13.05        12.74
2-Months      12.40     13.10      13.15       13.20        12.96
3-Months      12.90     13.20      13.20       13.25        13.14
4-Months      13.00     13.25      13.30       13.35        13.23
5-Months      13.20     13.35      13.35       13.40        13.33
6-Months      13.35     13.50      13.45       13.55        13.46
9-Months      13.40     13.60      13.50       13.65        13.54
1-Year        13.45     13.60      13.55       13.65        13.56
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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     12.75     13.90      13.00       13.90        13.39
1-Week        12.25     13.00      13.00       13.10        12.84
2-Week        12.40     13.05      13.00       13.15        12.90
1-Month       12.70     13.10      13.10       13.20        13.03
2-Months      13.00     13.25      13.25       13.35        13.21
3-Months      13.10     13.35      13.30       13.45        13.30
4-Months      13.25     13.50      13.40       13.60        13.44
5-Months      13.40     13.60      13.45       13.65        13.53
6-Months      13.45     13.65      13.55       13.75        13.60
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 strength and marginally improved by five-paisa against the dollar in the local currency market on Thursday.According to the currency dealers, because of lacking demand, the dollar could not sustain and declined to Rs 84.35 and Rs 84.55 on buying and selling sides against the overnight closing of Rs 84.40 and Rs 84.60, respectively.However, the rupee could not get out of pressure and further depreciated against the pound sterling. The pound was ended higher at Rs 138.60 and Rs 139.20 on buying and selling counters, as compared to Wednesday closing of Rs 137.50 and Rs 138.00, respectively, the dealers said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar remained unchanged against the rupee at the open currency markets of Islamabad and Rawalpindi here on Thursday.The dollar resumed trading at Rs 85.15 (buying) and Rs 85.50 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 85.15 (buying) and Rs 85.50 (selling).Pound Sterling opened at Rs 136.35 (buying) and Rs 137.55 (selling) against the previous rate. It did not witness any change in the evening session and closed at Rs 136.35 (buying) and Rs 137.55 (selling). – Brecorde