The rupee gave up overnight firmness against dollar in the interbank market on Thursday, losing two paisa for buying and selling at 60.72 and 60.74, dealers said. Importers' dollar buying pushed the rupee down versus the US currency.
The rupee is likely to face marginal fluctuations in terms of dollar during the days to come, they added. In the overseas market, the dollar held near a seven-week high against the euro on Thursday as investors awaited a slew of upcoming US data that could further cool expectations for the Federal Reserve to trim interest rates later in the year.
================================
KERB BUYING Rs 60.90
KERB SELLING Rs 61.99
================================
==============================
Buying Rs 60.72
Selling Rs 60.74
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 2.50 8.00 3.00 8.25 5.44
1-Week 8.40 8.75 8.50 8.85 8.63
2-Weeks 8.60 8.85 8.75 8.90 8.78
1-Month 8.80 8.95 8.85 9.05 8.91
2-Months 8.85 9.00 8.95 9.10 8.98
3-Months 8.85 9.05 8.95 9.10 8.99
4-Months 8.85 9.00 8.95 9.10 8.98
5-Months 8.90 9.00 9.00 9.15 9.01
6-Months 8.90 9.05 9.00 9.15 9.03
9-Months 8.90 9.10 9.05 9.25 9.08
1-Year 8.90 9.15 9.10 9.25 9.10
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 3.00 8.00 3.50 8.25 5.69
1-Week 8.75 9.00 9.00 9.25 9.00
2-Weeks 9.00 9.25 9.20 9.40 9.21
1-Month 9.30 9.50 9.40 9.60 9.45
2-Months 9.40 9.60 9.50 9.75 9.56
3-Months 9.40 9.60 9.50 9.75 9.56
4-Months 9.50 9.75 9.75 10.00 9.75
5-Months 9.75 10.00 10.00 10.25 10.00
6-Months 9.75 10.00 10.00 10.25 10.00
9-Months 10.00 10.25 10.50 10.75 10.38
1-Year 10.00 10.50 10.50 10.75 10.44
=================================================================
According to currency dealers, the dollar's demand and supply remained intact, which helped rupee, maintain its position. The dollar commenced trading at its overnight closing level of Rs 60.90 and Rs 61.00 as its buying and selling rates, respectively. The opening rates continued to prevail during the entire day's trading and finally closed at the same level, the dealers said.
However, the rupee continued upward slide and improved its worth against the pound sterling. The pound's buying rate declined from Wednesday's closing of Rs 120.10 to Rs 119.90 while its selling rate moved down from Rs 120.40 to Rs 120.20, the dealers added.
The dollar opened at Rs 60.80 (buying) and Rs 60.90 (selling) against same previous rate. It did not observe further change in the evening spell and closed at Rs 60.80 (buying) and Rs 60.90 (selling).
Pound Sterling opened at Rs 119.80 (buying) and Rs 119.90 (selling) against same previous rate. It did not observe any change in the second spell and closed at Rs 119.80 (buying) and Rs 119.90 (selling).