The rupee moved up slightly against dollar in interbank market on Friday for buying and selling at Rs 60.39 and Rs 60.40, respectively. The rupee was firm as supply of dollars was good to meet the demand, they said.
In the Asian markets dollar steadied against yen at the weekend, holding above a four-month low as traders awaited a closely watched US payrolls report due later in the day. The euro held its gains in respect pf dollar and yen after the European Central Bank left interest rates on hold at four percent, but hinted at a possible rate hike in September.
A rebound in US stocks on Thursday also provided some relief to investors who had been cutting risky positions such as carry trades on deepening worries over a further slump in global equity and credit markets.
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KERB BUYING Rs 60.90
KERB SELLING Rs 60.98
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Buying Rs 60.39
Selling Rs 60.40
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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 4.00 9.90 4.50 9.90 7.08
1-Week 8.50 9.00 8.75 9.25 8.88
2-Weeks 8.60 9.10 8.90 9.25 8.96
1-Month 8.90 9.25 9.10 9.40 9.16
2-Months 8.90 9.25 9.15 9.35 9.16
3-Months 9.00 9.25 9.15 9.40 9.20
4-Months 9.10 9.35 9.25 9.50 9.30
5-Months 9.15 9.50 9.30 9.60 9.39
6-Months 9.20 9.60 9.35 9.70 9.46
9-Months 9.25 9.60 9.40 9.70 9.49
1-Year 9.30 9.65 9.40 9.75 9.53
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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 5.00 10.00 6.00 10.25 7.81
1-Week 8.75 9.50 9.00 9.75 9.25
2-Weeks 9.00 9.50 9.25 9.75 9.38
1-Month 9.25 9.50 9.40 9.75 9.48
2-Months 9.40 9.75 9.50 10.00 9.66
3-Months 9.40 9.90 9.90 10.10 9.83
4-Months 9.60 10.00 9.75 10.20 9.89
5-Months 9.65 10.00 9.75 10.25 9.91
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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The currency dealers said there was no change in dollar's demand and supply situation that helped the local currency steadiness. The dollar opened at Rs 60.90 and Rs 61.00 on buying and selling sides, which continued till the closing of trading, the dealers said.
However, the rupee could not get out of pressure and further lost its value against the pound sterling. The British pound was purchased at Rs 123.50 and was sold at Rs 123.80 as compared to overnight closing of Rs 123.10 and Rs 123.50, the dealers said.
The dollar opened at Rs 60.90 (buying) and Rs 61 (selling) against the same overnight value. It remained firm against the dollar in the second session and closed at Rs 60.90 (buying) and Rs 61 (selling).
Pound Sterling opened at Rs 123.30 (buying) and Rs 123.70 (selling) against the previous rate. It did not observe any change in the evening session and closed at Rs 123.30 (buying) and Rs 123.70 (selling).