Rupee-dollar parity rates were down in the currency market on Monday, except selling rate in open market, dealers said. In the interbank market, the rupee shed versus dollar two paisa for buying at Rs 60.41 and it slid two paisa at Rs 60.42,for selling they said.
The rates slipped in the interbank market as dollar supply was tight in process of trading, they added. The dollar gave up its overnight weakness versus the leading currencies, steadied against yen after rallying in the previous session on strong recovery in the US stock market, which helped ease investor worries about a credit squeeze.
The dollar's gains will likely be limited ahead of the Federal Reserve's one-day policy meeting later in the session, as traders wait to see if the central bank comments on risks to economic growth from woes in the US credit market.
================================
KERB BUYING Rs 60.85
KERB SELLING Rs 60.90
================================
==============================
Buying Rs 60.41
Selling Rs 60.42
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 7.25 9.00 7.50 9.25 8.25
1-Week 8.80 9.00 9.00 9.25 9.01
2-Weeks 8.80 9.15 9.00 9.25 9.05
1-Month 8.90 9.25 9.10 9.30 9.14
2-Months 9.00 9.25 9.20 9.40 9.21
3-Months 9.00 9.25 9.25 9.40 9.23
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
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 7.50 9.25 8.00 9.50 8.56
1-Week 9.10 9.50 9.25 9.75 9.40
2-Weeks 9.25 9.60 9.40 9.75 9.50
1-Month 9.25 9.75 9.40 9.90 9.58
2-Months 9.40 9.75 9.60 10.00 9.69
3-Months 9.50 9.90 9.90 10.10 9.85
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
=================================================================
The pound was purchased and sold at Rs 122.40 and 122.70 against Monday's Rs 122.70 and Rs 123.00 on buying and selling sides.
The dollar opened at Rs 60.90 (buying) and Rs 61 (selling) against the same overnight value. It did not observe any change 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 second spell and closed at Rs 123.30 (buying) and Rs 123.70 (selling).