The rupee on Thursday continued its weakness in the interbank market, falling three paisa more for buying and selling at Rs 58.82 and Rs 58.84 on persistent demand for the dollars to make import and debt payments, dealers said. The payments of around 40-50 million dollars daily for the last two or three days have made rupee's value vulnerable in the currency market, they said, adding the State Bank is keeping an eye on the present fluctuation.
According to some market players, there were some rumours that to avoid sharp fall in the rupee's value, the bank is intervening in the market.
In the meantime, the currency market is tight these days following the central bank measures, they observed.
On the back of the greenback's fall the rupee lost 30 paisa versus the euro for buying and selling at Rs 72.20 and Rs 72.50.
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KERB BUYING Rs 59.20
KERB SELLING Rs 59.50
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BUYING Rs 58.82
SELLING Rs 58.84
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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 5.00 7.00 5.50 7.40 6.23
1-Week 3.50 3.75 4.00 4.25 3.88
2-Week 3.25 3.75 4.25 4.50 3.94
1-Month 2.40 2.60 2.80 3.00 2.70
2-Months 2.25 2.50 2.75 3.00 2.63
3-Months 2.50 2.60 2.70 2.80 2.65
4-Months 2.50 2.70 3.00 3.10 2.83
5-Months 2.70 2.80 3.00 3.20 2.93
6-Months 2.80 2.90 3.10 3.20 3.00
9-Months 3.00 3.20 3.40 3.50 3.28
1-Year 3.20 3.25 3.50 3.60 3.39
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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 5.25 7.25 5.50 7.40 6.35
1-Week 3.75 4.00 4.25 4.50 4.13
2-Week 3.50 4.00 4.25 4.50 4.06
1-Month 2.60 2.75 3.00 3.25 2.90
2-Month 2.50 2.75 3.00 3.25 2.88
3-Month 2.70 2.80 3.00 3.25 2.94
4-Month 2.75 3.00 3.25 3.40 3.10
5-Month 2.90 3.10 3.30 3.50 3.20
6-Month 3.00 3.20 3.40 3.50 3.28
9-Month 3.10 3.30 3.60 3.90 3.48
1-Year 3.50 3.70 4.00 4.20 3.85
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