The rupee did not go under any major change in its overnight levels against the dollar in the interbank market for buying and selling at 59.66 and59.67, respectively. Balanced demand and supply factor helped the rupee to retain its firmness versus the dollar, dealers said.
In the world markets, the dollar rose modestly against the euro due to a bout of profit-taking in the European currency after three consecutive sessions of gains, but dollar sentiment remained weak.
The rupee gained 20 paisa against the euro for buying and selling at Rs 73.80 and Rs 74.00 in the process of trading, moneychangers said.
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Kerb Buying Rs 59.95
Kerb Selling Rs 60.10
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Buying Rs 59.66
Selling Rs 59.67
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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 7.50 8.50 8.00 8.75 8.19
1-Week 7.25 7.50 7.75 8.00 7.63
2-Week 7.25 7.60 7.75 8.10 7.68
1-Month 7.60 7.80 7.90 8.20 7.88
2-Months 7.70 7.90 8.00 8.25 7.96
3-Months 7.75 7.85 8.10 8.25 7.99
4-Months 7.90 8.10 8.15 8.30 8.11
5-Months 7.90 8.10 8.20 8.30 8.13
6-Months 8.10 8.25 8.25 8.40 8.25
9-Months 8.15 8.25 8.40 8.60 8.35
1-Year 8.35 8.50 8.60 8.80 8.56
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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 8.00 8.75 8.25 9.00 8.50
1-Week 7.50 7.75 7.75 8.25 7.81
2-Week 7.50 7.75 8.00 8.25 7.88
1-Month 8.00 8.25 8.25 8.50 8.25
2-Months 8.00 8.75 8.50 9.00 8.56
3-Months 8.30 9.25 8.65 9.50 8.93
4-Months 8.30 8.60 8.70 9.55 8.79
5-Months 8.50 9.00 8.80 9.60 8.98
6-Months 8.60 9.00 9.00 9.65 9.06
9-Months 8.75 8.95 9.40 9.75 9.21
1-Year 9.10 9.50 9.75 9.90 9.56
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According to the currency dealers, the dollar resumed trading at overnight closing rates of Rs 59.90 and Rs 60.00 on buying and selling sides, respectively. Due to fresh buying, the greenback appreciated its worth and closed at Rs 60.00 and Rs 60.10 on buying and selling counters, respectively, the dealers added.
Moreover, the local currency continued downward slide and further shed its worth against the pound sterling. The British pound was purchased at Rs 107.65 and Rs 108.05 on buying and selling sides, respectively, as compared to Rs 107.50 and Rs 108.00 of Friday, the dealers said.
Morning session witnessed brisk buying in ever-favourite greenback and other hot favourite currencies. However, overall turnover decrease in the evening session and market closed on a sluggish note.
The dollar opened at Rs 59.85 (buying) and Rs 60.10 (selling) against same previous rate. It did not witness any further change in the evening spell and closed at Rs 59.85 (buying) and Rs 60.10 (selling).
Pound sterling opened at Rs 106.35 (buying) and Rs 106.70 (selling) against same previous rate. It did not observe any further change and closed at Rs 106.35 (buying) and Rs 106.70 (selling).