The rupee managed to hold on to its overnight levels in the open market on Tuesday on the buying and selling counters at Rs 60.10 and Rs 60.15, respectively. The rupee resisted its slide on easy supply of dollars, dealers said. They expected that the rupee may continue its weakness but with limited erosion in the near future. The rupee showed slight fall versus euro, shedding 10 paisa for buying and selling at Rs 77.30 and Rs 77.50 on moderate demand in the overseas markets, dealers observed. In overseas markets, the dollar maintained a firm posture, holding most of its gains versus major currencies after strong US job data, dealers said.
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Kerb Buying Rs 60.10
Kerb Selling Rs 60.15
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Buying Rs 59.53
Selling Rs 59.54
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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 8.75 8.90 8.90 8.95 8.88
1-Week 7.00 7.25 7.50 7.75 7.38
2-Week 6.75 7.00 7.25 7.50 7.13
1-Month 6.50 6.75 7.00 7.25 6.88
2-Months 6.75 7.00 7.25 7.50 7.13
3-Months 7.00 7.25 7.50 7.75 7.38
4-Months 7.25 7.50 7.75 8.00 7.63
5-Months 7.50 7.75 8.00 8.25 7.88
6-Months 7.75 8.00 8.25 8.50 8.13
9-Months 7.75 8.00 8.25 8.50 8.13
1-Year 8.25 8.50 8.75 9.00 8.63
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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 9.00 9.25 9.50 10.00 9.44
1-Week 7.25 7.50 7.75 8.00 7.63
2-Week 7.00 7.25 7.50 7.75 7.38
1-Month 6.75 7.00 7.50 7.75 7.25
2-Months 6.75 7.00 7.25 7.85 7.21
3-Months 7.00 7.50 7.75 8.00 7.56
4-Months 7.40 7.60 8.00 8.25 7.81
5-Months 7.75 8.00 8.25 8.50 8.13
6-Months 8.00 8.25 8.50 9.00 8.44
9-Months 8.25 8.40 8.75 9.15 8.64
1-Year 8.75 9.00 9.50 9.75 9.25
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According to the currency dealers, the demand for the dollar continued to rise which pushed down the value of the rupee. The dollar resumed trading at Monday's closing rates of Rs 60.05 and Rs 60.15 as its buying and selling rates, respectively. As a result of increase in the demand for the dollar, its rate moved up, and closed at Rs 60.10 and Rs 60.20 on buying and selling counters, respectively, the dealers said.
On the contrary, the rupee maintained upward slide, and further appreciated its value against the pound sterling. The pound's buying rate declined from previous closing rate of Rs 113.50 to Rs 113.20, while its selling rate moved down from Rs 113.80 to Rs 113.60, they added.
The greenback opened at Rs 59.60 (buying) and Rs 59.70 (selling) against the last rate of Rs 59.90 (buying) and Rs 60 (selling). It did not observe any further change in the second spell, and closed at Rs 59.60 (buying) and Rs 59.70 (selling).
Pound sterling opened at Rs 113.30 (buying) and Rs 113.80 (selling) against the last rate of Rs 114.15 (buying) and Rs 114.60 (selling). It did not observe any change in the second session, and closed at Rs 113.30 (buying) and Rs 113.80 (selling).