The euro maintained its surge in the open market on Saturday, crossing the barrier of Rs 86 as it surged in the international market against the dollar, dealers said. The single European currency, picked up 46 paisa in relation to the rupee for buying and selling at Rs 86.06 and Rs 86.16, they said.
The rupee, however, managed to gain five paisa against dollar for buying and selling at Rs 60.65 and Rs 60.70, dealers said. In the New York markets, dollar fell to record lows against euro and a basket of major currencies after economic data supported expectations that Federal Reserve would cut interest rates again to shore up sluggish growth.
Further monetary easing, on top of a half a percentage point reduction in the federal funds rate last week to 4.75 percent, would further erode appeal for dollar-denominated assets.

================================
Kerb Buying             Rs 60.65
Kerb Selling            Rs 60.70
================================

==============================
Buying                Rs 60.70
Selling               Rs 60.72
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor      Low Bid   High Bid   Low Offer   High Offer    Average
=================================================================
Overnight   9.00        9.90       9.25        9.90          9.51
1-Week      9.10        9.25       9.25        9.30          9.23
2-Weeks     9.05        9.20       9.10        9.25          9.15
1-Month     9.10        9.25       9.15        9.30          9.20
2-Months    9.10        9.30       9.20        9.35          9.24
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
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor      Low Bid   High Bid   Low Offer   High Offer    Average
=================================================================
Overnight    9.25      9.95       9.50        10.00          9.68
1-Week       9.25      9.50       9.50         9.60          9.46
2-Weeks      9.25      9.40       9.30         9.50          9.36
1-Month      9.30      9.50       9.40         9.60          9.45
2-Months     9.30      9.60       9.40         9.70          9.50
3-Months     9.35      9.60       9.40         9.75          9.53
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
=================================================================