Firm trend was seen in the open market on Saturday as the rupee maintained its overnight levels versus the dollar for buying and selling at 59.25 and 59.35, dealers said. The easy supply of dollars helped the rupee show firmness in terms of the US currency, they added. The rupee also adopted the same path versus the euro for buying and selling at 77.30 and 77.60, they said.
In the world market, the dollar fell modestly against the euro, trimming earlier losses following below-consensus US growth data, as markets grew cautious ahead of a plethora of economic news and events next week.
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Kerb Buying Rs 59.25
Kerb Selling Rs 59.35
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Buying Rs 59.32
Selling Rs 59.34
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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 6.50 7.40 6.75 7.40 7.01
1-Week 6.00 6.50 6.75 7.25 6.63
2-Week 4.75 5.25 5.25 5.50 5.19
1-Month 5.25 5.50 6.00 6.25 5.75
2-Months 5.25 5.50 5.75 6.00 5.63
3-Months 5.20 5.40 5.60 5.90 5.53
4-Months 5.15 5.55 5.65 5.85 5.55
5-Months 5.00 5.40 5.60 5.90 5.48
6-Months 5.00 5.50 5.75 6.00 5.56
9-Months 5.00 5.25 5.70 5.90 5.46
1-Year 5.75 6.25 6.50 6.75 6.31
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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 7.00 7.50 7.40 7.50 7.35
1-Week 7.25 7.50 7.50 8.00 7.56
2-Week 7.25 7.50 7.50 7.75 7.50
1-Month 6.00 6.25 6.70 6.90 6.46
2-Month 5.75 6.00 6.60 6.80 6.29
3-Month 5.75 6.25 6.50 6.75 6.31
4-Month 5.50 5.75 5.90 6.25 5.85
5-Month 5.75 6.00 6.25 6.50 6.13
6-Month 6.00 6.50 6.75 7.00 6.56
9-Month 5.80 6.10 6.50 6.75 6.29
1-Year 6.50 6.75 7.00 7.25 6.88
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The currency dealers said because of decline in the demand for the dollars, the rupee showed stability in its value. At the end of the Saturday's business, the dealers quoted the price of the dollar at Rs 59.25 and Rs 59.35 on buying and selling counters, respectively as compared to previous day's Rs 59.30 and Rs 59.40, respectively.
The rupee, however, depreciated its value against the pound sterling. The closing rate of pound was quoted at Rs 112.10 and Rs 112.40 on buying and selling sides respectively as opposed to its Friday's value at Rs 111.90, 112.25, respectively.
The dollar opened at Rs 59.15 (buying) and Rs 59.25 (selling) against the last rate. It did not observe any further change in the evening session, and closed at Rs 59.15 (buying) and Rs 59.25 (selling).
Pound sterling opened at Rs 111.80 (buying) and Rs 111.90 (selling) against theovernight value. It did not also observe any change in the second spell, and closed at Rs 111.80 (buying) and Rs 111.90 (selling).