Rising demand for dollars persisted in the interbank market on Wednesday as the rupee shed two paisa for buying and selling at Rs 57.50 and Rs 57.51 respectively, dealers said.
This is for the second time when the rupee crossed the Rs 57.50 mark due to the demand for dollars, they added.
However, currency analysts expected that the rupee might limit its losses on falling demand of the dollar.
In the world markets, the euro managed to recover handsome ground versus the dollar, they added.
The rupee also lost 21 paisa versus the euro for buying and selling at Rs 69.14 and Rs 69.44, as the single European currency recovered its lost ground versus the dollar.
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Kerb Buying Rs 57.97
Kerb Selling Rs 58.02
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Buying Rs 57.50
Selling Rs 57.51
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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 0.10 0.20 0.30 0.40 0.25
1-Week 0.70 1.00 0.90 1.50 1.03
2-Week 1.00 1.25 1.50 1.75 1.38
1-Month 1.40 1.60 1.70 1.80 1.63
2-Months 1.45 1.65 1.85 2.00 1.74
3-Months 1.50 1.70 1.90 2.10 1.80
4-Months 1.60 1.80 2.00 2.20 1.90
5-Months 1.70 1.90 2.00 2.20 1.95
6-Months 1.80 2.00 2.20 2.40 2.10
9-Months 2.00 2.20 2.40 2.60 2.30
1-Year 2.30 2.50 2.70 2.90 2.60
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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 0.20 0.30 0.40 0.50 0.35
1-Week 0.90 1.20 1.40 1.60 1.28
2-Week 1.25 1.50 1.75 2.00 1.63
1-Month 1.50 1.70 1.90 2.10 1.80
2-Month 1.60 1.80 2.00 2.20 1.90
3-Month 1.70 1.90 2.10 2.30 2.00
4-Month 1.90 2.10 2.30 2.50 2.20
5-Month 2.00 2.20 2.40 2.60 2.30
6-Month 2.00 2.20 2.40 2.60 2.30
9-Month 2.20 2.40 2.60 2.80 2.50
1-Year 2.40 2.60 2.80 3.00 2.70
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