The rupee in the open market on Thursday gained 20 paisa for buying at 60.60 and picking up 15 paisa for selling at 60.70, respectively. The rupee, however, lost 45 paisa versus the euro for buying and selling at Rs 76.30 and Rs 76.40, dealers said.
The dollar fell versus the major currencies following the Federal Reserve Chairman Ben Bernanke's statement in which he said that inflation would ease in the coming days.
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Buying Rs 60.60
Selling Rs 60.70
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Buying Rs 60.32
Selling Rs 60.33
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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 3.50 7.50 4.00 8.00 5.75
1-Week 7.75 8.10 8.00 8.30 8.04
2-Weeks 8.00 8.25 8.25 8.40 8.23
1-Month 8.25 8.50 8.40 8.60 8.44
2-Months 8.35 8.50 8.45 8.60 8.48
3-Months 8.35 8.55 8.45 8.70 8.51
4-Months 8.40 8.60 8.50 8.70 8.55
5-Months 8.40 8.60 8.50 8.70 8.55
6-Months 8.45 8.65 8.55 8.75 8.60
9-Months 8.50 8.65 8.60 8.75 8.63
1-Year 8.70 8.80 8.75 8.85 8.78
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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 4.00 8.00 4.50 8.25 6.19
1-Week 8.50 9.25 8.90 9.50 9.04
2-Weeks 8.50 9.25 9.00 9.50 9.06
1-Month 9.40 9.75 9.60 10.25 9.75
2-Months 9.40 9.80 9.75 10.25 9.80
3-Months 9.40 9.80 9.70 10.25 9.79
4-Months 9.50 9.90 9.75 10.40 9.89
5-Months 9.60 10.00 10.00 10.50 10.03
6-Months 9.60 10.00 10.00 10.50 10.03
9-Months 9.75 10.25 10.25 10.75 10.25
1-Year 10.00 10.25 10.25 10.75 10.31
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According to currency dealers, dollar commenced trading at the overnight closing rates of Rs 60.80 and Rs 60.90 on buying and selling counters, respectively. However, it could not sustain due to lack of buying support and closed lower at Rs 60.75 and Rs 60.85 on the buying and selling sides, respectively.
On the contrary, the local currency failed to maintain its position and depreciated its value against the pound sterling. The British pound was purchased at Rs 111.70 and was sold at Rs 112 as compared to Rs 111 and Rs 111.35 of Wednesday, the dealers added.
The dollar opened at Rs 60.80 (buying) and Rs 60.90 (selling) against same previous rate. It did not observe any further change in the second session and closed at Rs 60.80 (buying) and Rs 60.90 (selling).
Pound sterling opened at Rs 111.25 (buying) and Rs 111.50 (selling) against same previous rate. It did not observe any change in the last trading hours and closed at Rs 111.25 (buying) and Rs 111.50 (selling).