The rupee continued its fall against dollar in the open market on Saturday as it shed two paisa for buying and selling at Rs 60.65 and Rs 60.70, dealers said. The rupee is expected to be able to resist fresh losses due to easy availability of the US currency, they said.
The rupee also extended its erosion versus euro, losing nine paisa for buying and selling at Rs 85.04 and Rs 85.15, they said. In the New York market dollar held near a 15-year low against a basket of currencies at the weekend and was on track for its biggest weekly decline in nearly a year as uncertainty persisted about the health of the US economy.
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Kerb Buying Rs 60.65
Kerb Selling Rs 60.70
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Buying Rs 60.61
Selling Rs 60.62
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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 9.50 9.90 9.70 9.90 9.75
1-Week 9.40 9.60 9.50 9.65 9.54
2-Weeks 9.30 9.50 9.40 9.60 9.45
1-Month 9.20 9.35 9.30 9.40 9.31
2-Months 9.15 9.30 9.20 9.35 9.25
3-Months 9.15 9.30 9.25 9.35 9.26
4-Months 9.15 9.35 9.30 9.40 9.30
5-Months 9.20 9.35 9.30 9.40 9.31
6-Months 9.20 9.40 9.30 9.45 9.34
9-Months 9.25 9.40 9.35 9.50 9.38
1-Year 9.25 9.45 9.35 9.50 9.39
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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 9.60 9.90 9.70 10.00 9.80
1-Week 9.50 9.75 9.60 9.80 9.66
2-Weeks 9.30 9.50 9.45 9.60 9.46
1-Month 9.25 9.50 9.40 9.60 9.44
2-Months 9.25 9.60 9.40 9.70 9.49
3-Months 9.30 9.60 9.35 9.75 9.50
4-Months 9.30 9.70 9.50 9.80 9.58
5-Months 9.40 9.90 9.60 10.00 9.73
6-Months 9.60 10.00 9.75 10.10 9.86
9-Months 9.75 10.10 10.00 10.25 10.03
1-Year 9.90 10.25 10.10 10.40 10.16
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On the contrary, the rupee remained under pressure almost throughout the week and kept sliding against pound sterling. The pound's buying rate closed at the week-end at Rs 121.80 and selling rate at Rs 122.20 against previous closing of Rs 121.50 and Rs 121.80, dealers said.
The dollar opened at Rs 60.90 (buying) and Rs 61 (selling) against the same overnight value. It did not witness any change in the evening session and closed at Rs 60.90 (buying) and Rs 61 (selling).
Pound sterling opened at Rs 122.30 (buying) and Rs 122.50 (selling) against same last rate. No change was observed in the evening spell and it closed at Rs 122.30 (buying) and Rs 122.50 (selling).