The rupee managed to hold its overnight levels against dollar in the interbank market on Tuesday for buying and selling at Rs 60.60 and Rs 60.61, dealers said. Easy supply of dollar enabled the rupee to maintain its levels versus the US currency, they said.
It is expected that the rupee would keep its level versus dollar as the supply is enough to meet the demand by the different banks, they said. In the Asian markets dollar hovered just above its record low against euro as the market awaited fresh economic data for leads on prospects for further US interest rate cuts, dealers said. They said yen was largely unmoved by the Japanese ruling party's choice of moderate veteran Yasuo Fukuda as prime minister, a decision that had been widely expected.
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Kerb Buying Rs 60.63
Kerb Selling Rs 60.68
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Buying Rs 60.60
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 8.50 9.25 8.80 9.40 8.99
1-Week 9.10 9.40 9.30 9.50 9.33
2-Weeks 9.15 9.25 9.30 9.40 9.28
1-Month 9.15 9.35 9.25 9.40 9.29
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 8.75 9.50 9.00 9.75 9.25
1-Week 9.25 9.50 9.40 9.60 9.44
2-Weeks 9.25 9.40 9.40 9.50 9.39
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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The dollar resumed trading at Rs 60.60 and Rs 60.70 against Monday's closing of Rs 60.65 and Rs 60.75 on buying and selling sides. The rupee is expected to gain strength against the greenback because of increase in its supply this month.
The rupee significantly improved against the pound sterling bought at Rs 121.50 and sold at Rs 122.00 as compares to overnight closing of Rs 122.35 and Rs 122.60.
The dollar opened at Rs 60.60 (buying) and Rs 60.70 (selling) against the previous rate of Rs 60.90 (buying) and Rs 61.00 (selling). It did not observe any change in the evening session and closed at Rs 60.60 (buying) and Rs 60.70 (selling).
Pound sterling opened at Rs 122.50 (buying) and Rs 122.70 (selling) against the last rate. It did not observe any change in the second session and closed at Rs 122.50 (buying) and Rs 122.70 (selling).