The rupee on Wednesday resisted further decline in its overnight levels versus the dollar in the interbank market for buying and selling at Rs 58.20 and Rs 58.22, dealers said.
Since the new fiscal started, the rupee eroded nearly 10 paisa value versus the dollar in the interbank market as the corporate demand increased for debt payments, currency experts said.
However, concerns over the US corporate earnings pushed the dollar value down in the international markets, dealers said.
The euro, however, maintained its climb, and according to foreign dealers, the present trend may continue for the near terms.
Getting a boost from the overseas market, the single European currency managed to keep its upper hand versus the greenback, inching up five paisa gain at Rs 71.70 and Rs 72.00 respectively.
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Kerb Buying Rs 58.50
Kerb Selling Rs 58.55
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Buying Rs 58.20
Selling Rs 58.22
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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 0.05 0.20 0.20 0.30 0.19
1-Week 0.20 0.40 0.60 0.80 0.50
2-Week 0.75 1.00 1.25 1.50 1.13
1-Month 1.25 1.50 1.75 2.00 1.63
2-Months 1.25 1.50 1.75 2.00 1.63
3-Months 1.90 2.10 2.30 2.50 2.20
4-Months 2.00 2.20 2.40 2.80 2.30
5-Months 2.20 2.40 2.60 2.70 2.50
6-Months 2.25 2.40 2.60 2.80 2.51
9-Months 2.75 3.00 3.25 3.50 3.13
1-Year 3.00 3.25 3.50 3.75 3.38
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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 0.10 0.30 0.40 0.50 0.33
1-Week 0.40 0.60 0.60 0.80 0.60
2-Week 1.00 1.25 1.50 1.75 1.38
1-Month 1.50 1.75 2.00 2.25 1.88
2-Month 1.50 1.75 2.00 2.25 1.88
3-Month 2.10 2.30 2.50 2.70 2.40
4-Month 2.20 2.40 2.60 2.80 2.50
5-Month 2.40 2.60 2.80 3.00 2.70
6-Month 2.40 2.60 2.80 3.00 2.70
9-Month 3.00 3.25 3.50 3.75 3.38
1-Year 3.25 3.50 3.75 4.00 3.63
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