The rupee-dollar official parity rates stuck in tight range in the interbank market on Monday, but somehow retained the week-end levels for buying and selling at 59.78 and 59.79, respectively. In fact, the rupee is under pressure due to year-end payments and rising demand of dollar by the Haj pilgrims, currency analysts said.
Besides, stronger position of the dollar in the international markets was also another factor, which hurt the rupee's firmness slightly, they said.
In the world markets, the yen slumped to a record low against the euro and slipped versus the dollar on Monday as investors in Japan keep selling the low-yielding yen for currencies offering higher returns.
Overall, the dollar eased ahead of the Federal Reserve's policy meeting on Tuesday, with the market focusing on whether the central bank will signal an imminent end to its 18-month campaign of tightening credit.
The rupee also came under pressure versus the euro, losing 25 paisa for buying and selling at Rs 70.75 and Rs 70.85, respectively.
Continued firmness of the single European currency in the globe, giving an indication that the euro may cross Rs 71 level in the coming days, they said.
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Kerb Buying Rs 60.08
Kerb Selling Rs 60.15
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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 5.50 7.75 6.00 8. 25 6.88
1-Week 7.00 7.60 8.00 8. 25 7.71
2-Week 7.60 7.85 8.00 8. 15 7.90
1-Month 8.15 8.25 8.30 8. 40 8.28
2-Months 8.15 8.25 8.25 8. 40 8.26
3-Months 8.15 8.25 8.30 8. 45 8.29
4-Months 8.20 8.30 8.35 8. 45 8.33
5-Months 8.25 8.35 8.40 8. 50 8.38
6-Months 8.30 8.40 8.45 8. 60 8.44
9-Months 8.40 8.50 8.55 8. 60 8.51
1-Year 8.50 8.55 8.60 8. 70 8.59
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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 7.50 8.50 7.63
1-Week 7.75 8.00 7.75 8.90 8.10
2-Week 7.75 8.00 8.50 9.00 8.31
1-Month 8.75 9.25 9.25 9.50 9.19
2-Months 8.50 9.00 8.90 9.40 8.95
3-Months 8.60 9.00 9.25 9.60 9.11
4-Months 8.75 9.25 9.35 9.75 9.28
5-Months 8.90 9.50 9.50 10.00 9.48
6-Months 9.00 9.60 9.50 10.00 9.53
9-Months 9.00 9.75 9.60 10.20 9.64
1-Year 9.25 0.00 9.90 10.50 9.91
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