Bearish trend continued in the open market on Tuesday as the rupee extended its fall versus the dollar for buying and selling at Rs 57.80 and Rs 57.85, respectively.
Heavy demand for dollars by leading banks pressurised the local currency to give up its firmness, market men said.
The rupee, however, managed to gain 65 paisa in relation with euro for buying and selling at Rs 69.10 and Rs 69.40, respectively.
Market sources said that the rise of dollar in world markets pushed the single European currency value lower, they added.
In the international markets, the dollar showed steady trend versus major currencies, money changers said. The dollar firmed amid nervous trading ahead of Greenspan's testimony, analysts said.
They observed that Greenspan might address the outlook of US economy.
Persistent demand for dollars by banks did not allow the rupee to look the upside, experts said.
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Kerb buying Rs 57.80
Kerb selling Rs 57.85
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Buying Rs 57.47
Selling Rs 57.49
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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 0.40 1.00 0.70 1.50 0.90
1-Week 0.75 1.50 1.25 1.75 1.31
2-Week 1.00 1.50 1.25 1.75 1.38
1-Month 1.40 1.60 1.80 2.00 1.70
2-Months 1.25 1.45 1.65 1.75 1.53
3-Months 1.50 1.70 1.90 2.10 1.80
4-Months 1.50 1.70 1.90 2.10 1.80
5-Months 1.60 1.80 2.00 2.20 1.90
6-Months 1.70 1.90 2.10 2.30 2.00
9-Months 1.90 2.10 2.30 2.50 2.20
1-Year 2.20 2.40 2.60 2.80 2.50
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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 0.50 1.25 0.80 1.75 1.08
1-Week 1.00 1.70 1.25 2.00 1.49
2-Week 1.25 1.75 1.50 2.00 1.63
1-Month 1.50 1.70 1.90 2.10 1.80
2-Month 1.40 1.60 1.80 2.00 1.70
3-Month 1.70 1.90 2.10 2.30 2.00
4-Month 1.70 1.90 2.10 2.30 2.00
5-Month 1.80 2.00 2.20 2.40 2.10
6-Month 1.90 2.10 2.30 2.50 2.20
9-Month 2.10 2.30 2.50 2.70 2.40
1-Year 2.40 2.60 2.80 3.00 2.70
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