Firmer trend was seen in the inter-bank market on Saturday as the rupee held its overnight levels versus the dollar for buying and selling at 59.61 and 59.63, respectively. Easy supply of dollar helped the rupee to retain its steadier trend in the process of trading, dealer said.
In the international markets, the dollar strengthened versus the major currencies following the positive reports about the US economy, dealers said.
The rupee recovered 30 paisa in relation to the euro for buying at Rs 72.70 and picked up 20 paisa on the selling side at Rs 73.00 amid lean business, dealers said.
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Kerb Buying Rs 60.45
Kerb Selling Rs 60.50
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Buying Rs 59.61
Selling Rs 59.63
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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 8.00 8.90 8.50 8.90 8.58
1-Week 7.75 8.25 8.25 8.50 8.19
2-Week 7.75 8.00 8.00 8.25 8.00
1-Month 7.70 8.00 8.15 8.35 8.05
2-Months 7.80 8.15 8.00 8.20 8.40
3-Months 7.85 8.20 8.20 8.50 8.19
4-Months 7.90 8.25 8.30 8.65 8.28
5-Months 8.00 8.30 8.40 8.70 8.35
6-Months 8.25 8.50 8.50 8.80 8.51
9-Months 8.40 8.55 8.70 8.85 8.63
1-Year 8.60 8.75 8.75 9.00 8.78
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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 8.50 9.00 8.90 9.25 8.91
1-Week 8.25 8.50 8.70 9.00 8.61
2-Week 8.00 8.50 8.50 8.75 8.44
1-Month 8.25 8.40 8.50 8.70 8.04
2-Months 8.30 8.50 8.75 8.90 8.61
3-Months 8.40 8.60 8.75 9.00 8.69
4-Months 8.50 8.60 8.60 9.00 8.68
5-Months 8.50 8.60 8.85 9.10 8.76
6-Months 8.75 9.00 9.15 9.30 9.05
9-Months 8.90 9.10 9.25 9.40 9.16
1-Year 8.90 9.00 9.45 9.75 9.28
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According to the currency dealers, the dollar's demand and supply remained intact at Friday's level, which helped the local currency in maintaining its worth. The dollar's trading commenced at overnight closing rates of Rs 60.70 and Rs 60.80 on buying and selling counters, respectively. There was no visible change in the dollar's worth during the day's trading, the dealers added.
On the contrary, the local currency recovered some of its earlier loss and registered improvement against the pound sterling. The British pound was purchased at Rs 106.30 and was sold at Rs 106.70 as compared to Rs 106.60 and Rs 107.00 of Friday, the dealers added.
Ever-favourite greenback opened at Rs 60.45 (buying) and Rs 60.55 (selling) against same last rate. It did not observe any further change in the evening spell and closed at Rs 60.45 (buying) and Rs 60.55 (selling).
Pound sterling opened at Rs 105.10 (buying) and Rs 105.20 (selling) against same last rate. It did not observe any further change and closed at Rs 105.10 (buying) and Rs 105.20 (selling).