Modest erosion was witnessed in the rupee's value in the open market on Tuesday, giving up two paisa against the dollar for buying at Rs 60.75 and sliding five paisa for selling at Rs 60.85, dealers said.
Meanwhile the rupee mostly maintained its overnight levels in terms of the euro, inching up with one paisa rise for buying and selling at Rs 82.16 and Rs 82.26, they said.
During the second session of the week, the dollar was under pressure, hovered near a two-year low against the euro ahead of US housing data due later in the session that could offer clues on the direction of Federal Reserve policy. Against the yen, the dollar was off its lows on short covering. The Japanese currency had received a boost on Monday after rating agency Standard and Poor's upgraded Japan's sovereign rating.
The rupee was able to retain it present level versus the dollar following the balanced demand and supply position, moneychangers said. Rising trend in the Foreign Direct Investment (FDI) and an upward trend in the remittances gave a boost to the rupee, so it is likely that the rupee might show steadier trend till the end of the current fiscal year, currency experts said.

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Buying                  Rs 60.75
Selling                 Rs 60.85
================================

==============================
Buying                Rs 60.66
Selling               Rs 60.67
==============================
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Repo Rates (Yield p a)
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Tenor      Low Bid   High Bid   Low Offer   High Offer    Average
=================================================================
Overnight   8.00       8.50       8.25        8.75           8.38
1-Week      8.40       8.50       8.50        8.70           8.53
2-Weeks     8.40       8.60       8.60        8.70           8.58
1-Month     8.60       8.70       8.70        8.80           8.70
2-Months    8.70       8.85       8.80        8.90           8.81
3-Months    8.75       8.85       8.80        8.90           8.83
4-Months    8.80       8.90       8.85        9.00           8.89
5-Months    8.80       9.00       8.90        9.00           8.93
6-Months    8.85       9.00       8.90        9.10           8.96
9-Months    8.85       9.10       9.00        9.15           9.03
1-Year      8.90       9.10       9.10        9.20           9.08
=================================================================
Call Rates (Yield p a)
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Tenor      Low Bid   High Bid   Low Offer   High Offer    Average
=================================================================
Overnight   8.25       8.75       8.50        8.90           8.60
1-Week      8.75       9.00       9.00        9.25           9.00
2-Weeks     8.75       9.00       9.00        9.25           9.00
1-Month     9.00       9.25       9.25        9.50           9.25
2-Months    9.25      10.00       9.50       10.25           9.75
3-Months    9.50      10.00       9.75       10.25           9.88
4-Months    9.50      10.00       9.75       10.25           9.88
5-Months    9.75      10.25      10.00       10.50          10.13
6-Months    9.75      10.25      10.00       10.50          10.13
9-Months   10.00      10.50      10.50       11.00          10.50
1-Year     10.25      10.75      10.50       11.00          10.63
=================================================================