AAJ TV : Pakistan Ki Awaz

KARACHI : Bearish sentiment was witnessed on the interbank market on Friday as the rupee shed two paisa against dollar for buying and selling at 81.52 and 81.57, dealers said. Persisting demand for dollars did not allow the rupee come out the weak spells in terms of the US currency, they said. In the Asian final session euro struggled back from its lowest levels in a week, after a wave of sell orders compounded losses made on bleak US jobs numbers, and it found support as some investors judged it may have slipped too far.

Dealers said euro hit stop-loss sell orders around $1.3980, and possible hedge fund selling, in the crossover between late US trade and the start of the Asian day, sending it down to $1.3927 on electronic trading platform EBS.

OPEN MARKET RATES: The rupee fell versus dollar dropping 15 paisa for buying at 81.40 and 20 paisa for selling at 81.60, dealers said. The rupee, however, gained 64 paisa versus euro for buying and selling at Rs 112.98 and Rs 113.98, they said.

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Buying             Rs 81.52

Selling            Rs 81.57

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Interbank Closing Rates: Interbank Closing Rates For Dollar On Friday.

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Open Buying         Rs 81.40

Open Selling        Rs 81.60

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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     1.00     12.25       1.50        12.50         6.81

1-Week        9.50     10.75      10.50        11.00        10.44

2-Week       10.75     11.60      11.40        11.75        11.38

1-Month      11.00     11.70      11.60        11.90        11.55

2-Months     11.00     11.75      11.90        12.00        11.66

3-Months     10.75     11.75      11.75        12.00        11.56

4-Months     10.75     11.75      11.65        12.00        11.54

5-Months     10.75     11.50      11.60        11.90        11.44

6-Months     10.75     11.50      11.60        11.90        11.44

9-Months     11.00     11.60      11.60        11.90        11.53

1-Year       11.25     11.60      11.60        11.90        11.59

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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     2.00     12.50       3.00        13.00         7.63

1-Week       10.50     12.00      11.00        12.50        11.50

2-Week       11.50     12.00      11.75        12.25        11.88

1-Month      11.75     12.25      12.00        12.50        12.13

2-Months     12.00     12.50      12.25        12.75        12.38

3-Months     12.00     12.60      12.40        12.90        12.48

4-Months     12.25     12.60      12.40        12.90        12.54

5-Months     12.30     12.70      12.50        12.90        12.60

6-Months     12.40     12.75      12.60        13.00        12.69

9-Months     12.40     12.75      12.70        13.00        12.71

1-Year       12.50     12.90      12.75        13.00        12.79

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RUPEE IN LAHORE: The rupee declined by 10 paisa on buying side and 20 paisa on selling side in relation to dollar in Lahore currency market on Friday. According to dealers, the dollar closed at Rs 81.70 and Rs 82.10 on buying and selling counters, respectively, against Thursday's Rs 81.60 and Rs 81.90, dealers said. However, the rupee showed stability and remained unchanged against pound sterling. The pound's buying and selling rates remained unchanged at Rs 133.20 and Rs 134.50, respectively, dealers said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against dollar at the currency markets of Islamabad and Rawalpindi here on Friday. The dollar opened at Rs 81.40 (buying) and Rs 81.50 (selling) against same last rates. It did not witness further change in the evening session and closed at Rs 81.40 (buying) and Rs 81.50 (selling). Pound sterling opened at Rs 133 (buying) and Rs 134 (selling) against same previous rates. The British currency did not observe any change in the evening session and closed at Rs 133 (buying) and Rs 134 (selling).

Copyright Business Recorder, 2009