THE RUPEE: dollar moves bothways, euro up

17 Jun, 2007

Divergent trend was seen in the currency market at the weekend in process of trading, dealers said. In the interbank market, the rupee picked up one paisa against dollar for buying at Rs 60.59 while it was unmoved for selling at 60.61, they said.
The rupee's fall versus dollar was expected as the buyers outstripped the sellers, money experts said. Some exporters were in the market but many importers were active to purchase dollars to clear the payment bills, they said. In the world markets, dollar briefly slipped at the closing session of the week after a report showed May US core consumer inflation lower than expected, pushing down Treasury yields.
The euro climbed against dollar, trading at $1.3330 soon after the report from about $1.3320, where it was shortly prior to the data. Dollar was largely unchanged against yen at about 123.45 yen.


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Kerb Buying Rs 61.00
Kerb Selling Rs 61.10
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Buying Rs 60.59
Selling Rs 60.61
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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 6.00 9.40 6.50 9.40 7.83
1-Week 8.25 8.60 8.50 8.75 8.53
2-Weeks 8.50 8.90 8.75 9.00 8.79
1-Month 8.60 8.75 8.80 9.00 8.79
2-Months 8.75 8.90 8.85 9.00 8.88
3-Months 8.75 8.95 8.85 9.05 8.90
4-Months 8.80 9.00 8.90 9.05 8.94
5-Months 8.85 9.00 8.95 9.10 8.98
6-Months 8.85 9.05 8.95 9.10 8.99
9-Months 8.90 9.10 9.05 9.20 9.06
1-Year 8.90 9.15 9.10 9.25 9.10
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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 6.50 9.40 6.75 9.45 8.03
1-Week 8.50 9.00 8.75 9.25 8.88
2-Weeks 8.75 9.25 9.00 9.40 9.10
1-Month 9.10 9.40 9.25 9.50 9.31
2-Months 9.25 9.50 9.40 9.60 9.44
3-Months 9.25 9.60 9.40 9.70 9.49
4-Months 9.40 9.75 9.65 9.90 9.68
5-Months 9.50 9.75 9.75 10.00 9.75
6-Months 9.75 10.00 10.00 10.25 10.00
9-Months 10.00 10.25 10.25 10.50 10.25
1-Year 10.00 10.50 10.25 10.75 10.38
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Likewise, the rupee closed on negative note against pound sterling. The pound was purchased at Rs 120.20 and was sold at Rs 120.50 as compared to previous closing of Rs 120.00 and Rs 120.30 respectively, dealers said.
The dollar opened at Rs 60.90 (buying) and Rs 61 (selling) against same last rate. It did not observe any change in the last trading hours and closed at Rs 60.90 (buying) and Rs 61 (selling).
Pound sterling opened at Rs 120 (buying) and Rs 120.20 (selling) against same previous rate. It did not observe further change in the second spell and closed at Rs 120 (buying) and Rs 120.20 (selling).

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