Firmness prevailed in the interbank market on Friday as the rupee held its overnight value for the third day versus the dollar at 59.96 and 59.98, moneychangers said.
Steady inflows of dollar helped the country's foreign exchange to maintain its firmness as a result of handsome rise in the remittances, analysts said.
The dollar fell sharply against the major currencies in the overseas markets.
The rupee, however, lost 40 paisa in relation to the euro for buying and selling at Rs 72.75 and Rs 72.85, dealers said.
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Buying Rs 60.15
Selling Rs 60.25
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Buying Rs 59.96
Selling Rs 59.98
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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 8.15 8.90 8.49
1-Week 8.20 8.35 8.30 8.60 8.36
2-Week 8.10 8.35 8.30 8.40 8.29
1-Month 8.20 8.35 8.30 8.45 8.33
2-Months 8.20 8.40 8.30 8.40 8.33
3-Months 8.25 8.40 8.35 8.50 8.38
4-Months 8.25 8.40 8.40 8.50 8.39
5-Months 8.30 8.50 8.45 8.60 8.46
6-Months 8.40 8.60 8.50 8.65 8.54
9-Months 8.40 8.70 8.60 8.75 8.61
1-Year 8.60 8.80 8.75 8.90 8.76
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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 8.25 9.50 8.75 9.60 9.03
1-Week 8.75 9.00 9.00 9.25 9.00
2-Week 8.50 8.90 9.00 9.25 8.91
1-Month 8.75 9.25 9.00 9.50 9.13
2-Months 8.80 9.40 9.10 9.50 9.20
3-Months 8.90 9.40 9.30 9.70 9.33
4-Months 9.00 9.50 9.25 9.75 9.38
5-Months 9.10 9.60 9.35 9.80 9.46
6-Months 9.10 9.60 9.35 9.80 9.46
9-Months 9.50 10.00 9.80 10.25 9.89
1-Year 9.60 10.00 9.80 10.25 9.91
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According to the currency dealers, the dollar resumed trading at overnight closing rates of Rs 60.20 and Rs 60.30 as its buying and selling rates, respectively.
As a result of selling pressure, the dollar could not sustain and started declining. At the end of trading, the dollar closed lower at Rs 60.15 and Rs 60.25 on buying and selling sides, respectively, the dealers said.
Similarly, the local currency maintained upward slide and improved its value against the pound sterling. The British pound was purchased at Rs 104.20 and was sold at Rs 104.50 as compared to Rs 104.25 and Rs 104.55 of Thursday, the dealers added.
The dollar opened at Rs 60.20 (buying) and Rs 60.30 (selling) against last rate of Rs 60.25 (buying) and Rs 60.35 (selling). It did not observe any further change in the evening session and closed at Rs 60.20 (buying) and Rs 60.30 (selling).
Pound sterling opened at Rs 104.50 (buying) and Rs 104.80 (selling) against last rate of Rs 104.30 (buying) and Rs 104.60 (selling). It did not observe any further change in the evening session and closed at Rs 104.50 (buying) and Rs 104.80 (selling).