The rupee continued its overnight weakness in the open market on Wednesday versus dollar at Rs 59.80 and Rs 59.85 for buying and selling, respectively, dealers said. The dollar at one point touched the new high at Rs 60 in brisk demand for dollars on corporate' buying, dealers said. They observed that rates came under pressure as the dollar crossed a resistant level of Rs 59.50, and added that if dollar's demand persisted, the rupee would face more erosion in the coming days.
The local currency also lost 25 paisa versus euro for buying and selling at Rs 73.45 and Rs 73.75, dealers said.
The dollar demand has increased in the local market for the payment purpose, they said. Oil prices rise in the world pushed the import bills up. Resulting statistics showed that the Consumer Price Index had gone up to 9.18 percent in the first quarter of new fiscal and the Sensitive Price Index rose to 14.02 percent.
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Kerb Buying Rs 59.80
Kerb Selling Rs 59.85
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Buying Rs 59.52
Selling Rs 59.55
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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 7.00 7.40 7.25 7.40 7.26
1-Week 4.75 5.00 5.25 5.50 5.13
2-Week 3.50 3.75 4.00 4.25 3.88
1-Month 2.90 3.00 3.35 3.50 3.19
2-Months 3.00 3.25 3.50 3.75 3.38
3-Months 3.25 3.40 3.50 3.75 3.48
4-Months 3.20 3.40 3.60 3.80 3.50
5-Months 3.25 3.50 3.75 4.00 3.63
6-Months 3.30 3.75 3.75 4.00 3.70
9-Months 3.50 3.70 3.90 4.10 3.80
1-Year 3.75 4.00 4.25 4.50 4.13
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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 7.25 7.40 7.40 7.45 7.38
1-Week 5.00 5.25 5.50 5.75 5.38
2-Week 3.75 4.00 4.25 4.75 4.19
1-Month 3.20 3.50 3.75 3.90 3.59
2-Month 3.25 3.50 3.75 4.00 3.63
3-Month 3.50 3.75 4.00 4.25 3.88
4-Month 3.50 3.75 4.10 4.30 3.91
5-Month 3.60 3.80 4.25 4.50 4.04
6-Month 3.75 4.00 4.30 4.60 4.16
9-Month 4.00 4.25 4.50 4.75 4.38
1-Year 4.00 4.30 4.75 5.00 4.51
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