THE RUPEE: rates almost inert versus dollar

16 Oct, 2005

The rupee on Saturday did not show any change versus the dollar for buying and selling at 59.72 and 59.74, respectively in interbank dealings.
The rupee maintained its overnight levels versus the dollar due to easy supply amid slackened business, they added.
In the overseas market, the dollar moved slightly versus the major currencies after the economic report, they said.
The euro strengthened versus the rupee, gaining 55 paisa for buying and selling at Rs 72.25 and Rs 72.35, respectively.



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Kerb Buying Rs 60.05
Kerb Selling Rs 60.15
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Buying Rs 59.72
Selling Rs 59.74
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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 7.75 8.75 8.13
1-Week 8.00 8.20 8.20 8.40 8.20
2-Week 8.00 8.20 8.20 8.30 8.18
1-Month 8.00 8.20 8.20 8.30 8.18
2-Months 8.00 8.20 8.15 8.30 8.16
3-Months 8.10 8.25 8.25 8.40 8.25
4-Months 8.15 8.30 8.30 8.40 8.29
5-Months 8.20 8.35 8.35 8.45 8.34
6-Months 8.25 8.40 8.40 8.50 8.39
9-Months 8.25 8.50 8.50 8.65 8.48
1-Year 8.45 8.60 8.70 8.80 8.64
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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 7.75 9.75 8.25 10.00 8.94
1-Week 8.20 8.75 8.40 9.00 8.59
2-Week 8.30 8.75 8.50 9.00 8.64
1-Month 8.40 9.00 8.60 9.25 8.81
2-Months 8.25 8.75 8.65 9.25 8.73
3-Months 8.50 9.50 8.75 9.75 9.13
4-Months 8.50 9.60 8.80 9.80 9.18
5-Months 8.50 9.75 8.90 10.00 9.29
6-Months 8.50 9.75 8.90 10.00 9.29
9-Months 8.65 9.75 9.25 10.00 9.41
1-Year 8.75 9.80 9.35 10.20 9.53
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According to the currency dealers, the dollar failed to sustain its overnight level for lack of buying support and started declining soon after commencement of trading. Its buying rate came down from Rs 60.00 of Friday to Rs 59.90 while its selling price fell from Rs 60.10 to Rs 60.05. There was no uniform rate in the market as some dealers quoted dollar's selling rate as Rs 60.00.
The rupee, however, continued downward trend and further lost its value against the pound sterling. The pound's buying rate moved up from its previous closing of Rs 104.70 to Rs 105.70, while its selling rate increased from Rs 105.00 to Rs 106.10, the dealers added.
The dollar opened at Rs 60.15 (buying) and Rs 60.25 (selling) against the last rate. It did not observe any further change in the second spell, and closed at Rs 60.15 (buying) and Rs 60.25 (selling).
Pound sterling opened at Rs 104.50 (buying) and Rs 105 (selling) against the last rate. It did not show any further change, and closed at Rs 104.50 (buying) and Rs 105 (selling).

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