Further recovery was seen in the value of the rupee in the interbank market, picking up three paisa versus the dollar for buying and selling at 60.18 and 60.20, dealers said on Saturday.
Inflows of dollar boosted the rupee's value and it is expected that the rupee might gain more ground in the coming days, dealers said. In the world markets, the dollar was stronger versus the major currencies, they said.
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Buying Rs 60.70
Selling Rs 60.75
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Buying Rs 60.18
Selling Rs 60.20
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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 1.00 7.00 1.50 7.25 4.19
1-Week 7.75 8.10 8.00 8.25 8.03
2-Week 8.10 8.35 8.25 8.50 8.30
1-Month 8.10 8.30 8.25 8.40 8.26
2-Months 8.25 8.50 8.30 8.55 8.40
3-Months 8.30 8.60 8.40 8.65 8.49
4-Months 8.40 8.65 8.55 8.70 8.58
5-Months 8.40 8.65 8.55 8.70 8.58
6-Months 8.50 8.70 8.65 8.75 8.65
9-Months 8.60 8.75 8.75 8.85 8.74
1-Year 8.70 8.80 8.80 8.85 8.79
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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 1.00 7.50 2.00 7.75 4.56
1-Week 8.25 8.50 8.50 8.75 8.50
2-Week 8.50 8.75 8.60 8.90 8.69
1-Month 8.60 9.00 8.80 9.25 8.91
2-Months 8.75 9.25 9.00 9.50 9.13
3-Months 8.90 9.30 9.15 9.50 9.21
4-Months 9.00 9.50 9.25 9.75 9.38
5-Months 9.25 9.50 9.40 9.75 9.48
6-Months 9.35 9.60 9.50 9.75 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's trading commenced at Rs 60.65 and Rs 60.75 on buying and selling counters, respectively.
As a result of increase in dollar's demand, its rate started moving up and closed higher at Rs 60.70 and Rs 60.80 on buying and selling sides, respectively, as against Rs 60.60 and Rs 60.70 of Friday, the dealers added.
On the contrary, the local currency continued rising tempo for the third consecutive day and appreciated its worth against the pound sterling. The British pound was purchased at Rs 110.60 and was sold at Rs 110.90 as compared to Rs 110.80 and 111.20 of Friday, the dealers added.
The dollar opened at Rs 60.60 (buying) and Rs 60.70 selling) in the morning and closed at Rs 60.70 and Rs 60.80 respectively in the afternoon.
Pound sterling further shed Rs 0.30 against the rupee. Its buying and selling rates at the closing hours were Rs 110.70 and Rs 111 against overnight rates of Rs111 (buying) and Rs 111.30 (selling).
Euro rates buying and selling were Rs 76 and Rs 76.20 respectively at the end of the last working day of the week.