The rupee failed to show any reluctance in shedding its value versus the dollar following the surging demand for the greenback, dropping three paisa for buying at 60.18 and slipping by two paisa for selling at 60.22, dealers at the open market said on Saturday.
The rupee shed 10 paisa versus the euro for buying and selling at Rs 73.70 and Rs 73.80, moneychangers said.
In the world markets, the dollar showed little change versus the major currencies, dealers said.
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Buying Rs 60.18
Selling Rs 60.22
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Buying Rs 60.00
Selling Rs 60.02
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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 8.50 8.90 8.75 8.95 8.78
1-Week 8.60 8.75 8.75 8.85 8.74
2-Week 8.65 8.75 8.80 8.90 8.78
1-Month 8.60 8.70 8.75 8.80 8.71
2-Months 8.50 8.55 8.65 8.70 8.60
3-Months 8.50 8.65 8.65 8.70 8.63
4-Months 8.50 8.65 8.65 8.70 8.63
5-Months 8.55 8.65 8.70 8.75 8.66
6-Months 8.60 8.75 8.70 8.85 8.73
9-Months 8.70 8.80 8.80 8.90 8.80
1-Year 8.70 8.80 8.80 8.90 8.80
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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 8.90 9.00 9.00 9.25 9.04
1-Week 8.90 9.15 9.25 9.50 9.20
2-Week 9.00 9.25 9.10 9.50 9.21
1-Month 8.90 9.25 9.10 9.50 9.19
2-Months 8.75 9.25 9.10 9.50 9.15
3-Months 9.10 9.40 9.30 9.60 9.35
4-Months 9.15 9.50 9.40 9.75 9.45
5-Months 9.20 9.60 9.50 9.80 9.53
6-Months 9.25 9.60 9.55 9.80 9.55
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 Friday's closing rates of Rs 60.10 and Rs 60.20 on buying and selling sides, respectively. As a result of rising demand, the dollar maintained upward trend and closed higher at Rs 60.15 and Rs 60.25 as its buying and selling rates, respectively, the dealers added.
Likewise, the local currency maintained downward slide against the pound sterling. The pound's buying rate improved from overnight closing rate of Rs 106.10 to Rs 106.50 while selling rate increased from Rs 106.50 to Rs 106.80, the dealers added.
The dollar opened at Rs 60.10 (buying) and Rs 60.20 (selling) against same last rate. It did not observe any change in the last trading hours and closed at Rs 60.10 (buying) and Rs 60.20 (selling).
Pound sterling opened at Rs 106 (buying) and Rs 106.50 (selling) against same last rate. It did not observe any further change and closed at Rs 106 (buying) and Rs 106.50 (selling).