THE RUPEE: firm trend prevails in open market

28 Apr, 2007

Firmness prevailed in the open market on Friday as the rupee maintained its overnight levels against the dollar for buying and selling at Rs 60.65 and Rs 60.75 in interbank dealing, dealers said. Matching demand and supply position did not push the rupee to move any side in process of trading.
It is likely that the rupee might face divergent trend in days to come, they added. The rupee shined in terms of the euro, recovering 20 paisa for buying and selling at Rs 82.35 and Rs 82.45, they observed. Dollar's slight gains versus the major currencies in the world markets, helped the rupee to come out of the recent slide, they said.


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Buying Rs 60.65
Selling Rs 60.75
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Buying Rs 60.64
Selling Rs 60.65
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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 9.40 9.45 9.40 9.45 9.43
1-Week 9.10 9.30 9.25 9.40 9.26
2-Weeks 8.90 9.10 9.10 9.25 9.09
1-Month 8.90 9.10 9.00 9.25 9.06
2-Months 8.80 8.90 8.85 9.00 8.89
3-Months 8.80 8.90 8.85 9.00 8.89
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
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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 9.50 9.90 9.60 10.00 9.75
1-Week 9.40 9.60 9.50 9.75 9.56
2-Weeks 9.25 9.50 9.50 9.75 9.50
1-Month 9.25 9.50 9.50 9.75 9.50
2-Months 9.40 10.00 9.60 10.25 9.81
3-Months 9.50 10.00 9.75 10.25 9.88
4-Months 9.60 10.00 9.75 10.25 9.90
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
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The dollar opened at Rs 60.75 (buying) and Rs 60.85 (selling) against same previous rate. It did not observe any change in the second session and closed at Rs 60.75 (buying) and Rs 60.85 (selling).
Pound Sterling opened at Rs 119 (buying) and Rs 119.20 (selling) against same overnight value. It did not witness any change in the evening session and closed at Rs 119 (buying) and Rs 119.20 (selling).

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