The rupee ended the last day of the out-going fiscal year (2006-07) with a sharp gain of 10 paisa against dollar in the interbank market for buying and selling at Rs 60.36 and Rs 60.38, currency analysts said. The wonderful performance was seen in both the open and interbank market as the rupee did its best to retain its present level, they added.
They hoped that the rupee might maintain its current level against dollar despite the widening trade deficit because inflows are strong, which will help the rupee to tackle the uneasy circumstances in days to come.
In the world markets, euro and high-yielding currencies rallied against dollar on Friday while the low-yielding yen weakened broadly, as investor risk appetite returned, prompting carry trades. In carry traders, dealers sell assets in low-yielding currencies for assets offering higher returns.
A report showing a rise in US core personal consumption expenditures, which strips out food and energy costs, was in line with expectations had little impact on currency markets.
Balanced demand and supply enable the rupee not to look any side. Besides, it is expected that the rupee might improve further in the coming days after completion of foreign payments at the last day of the out-going fiscal year, they said. The rupee could not retain its firmness against the euro, dropping sharply by 45 paisa at Rs 81.93 and Rs 82.03, respectively.

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Kerb Buying             Rs 60.90
Kerb Selling            Rs 61.00
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Buying                Rs 60.36
Selling               Rs 60.38
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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      9.35       9.25         9.40          9.28
2-Weeks      8.75      8.90       8.90         9.10          8.91
1-Month      8.65      8.80       8.75         8.90          8.78
2-Months     8.70      8.90       8.80         9.00          8.85
3-Months     8.75      8.90       8.85         9.00          8.88
4-Months     8.80      9.00       8.85         9.05          8.93
5-Months     8.85      9.00       8.95         9.10          8.98
6-Months     8.85      9.10       8.95         9.10          9.00
9-Months     8.90      9.10       9.00         9.15          9.04
1-Year       8.90      9.10       9.10         9.25          9.09
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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      10.00       9.75       10.25          9.88
1-Week       9.40       9.75       9.50       10.00          9.66
2-Weeks      8.90       9.25       9.10        9.40          9.16
1-Month      8.90       9.25       9.10        9.50          9.19
2-Months     9.25       9.50       9.40        9.70          9.46
3-Months     9.25       9.60       9.40        9.75          9.50
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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