The rupee fell slightly against dollar in the interbank market on Monday due to strong demand for the greenback, dealers said. The rupee was two paisa lower against dollar at Rs 60.64, Rs 60.65 for buying and selling respectively, in process of trading, they said.
In the world markets, amid first session of the week, dollar suffered fresh losses against yen and hit a record low against euro in Asian trade as concerns about the US economy sparked another rout on global stock markets, dealers said.
The euro shot higher after top world finance chiefs refrained from voicing increased concern about currencies at their meeting on Friday, which dealers took as a green light to drive the greenback down to fresh lows. The dollar fell to 114.06 yen in Tokyo afternoon trade from 114.53 in New York late on Friday as speculators unwound risky "carry trade" bets that involve selling the Japanese currency to buy higher-return assets.
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Open Buying Rs 60.65
Open Selling Rs 60.70
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Buying Rs 60.64
Selling Rs 60.65
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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 9.90 9.95 9.90 9.95 9.93
1-Week 9.60 9.75 9.75 9.90 9.75
2-Weeks 9.45 9.60 9.60 9.70 9.59
1-Month 9.35 9.45 9.45 9.50 9.44
2-Months 9.30 9.45 9.35 9.50 9.40
3-Months 9.30 9.40 9.35 9.45 9.38
4-Months 9.30 9.40 9.35 9.45 9.38
5-Months 9.30 9.40 9.40 9.45 9.39
6-Months 9.30 9.40 9.35 9.50 9.39
9-Months 9.35 9.40 9.40 9.50 9.41
1-Year 9.35 9.50 9.40 9.60 9.46
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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 9.90 10.00 10.00 10.25 10.04
1-Week 9.70 9.90 9.90 10.00 9.88
2-Weeks 9.75 9.85 9.80 9.90 9.83
1-Month 9.45 9.75 9.60 9.80 9.65
2-Months 9.45 9.70 9.60 9.80 9.64
3-Months 9.45 9.75 9.50 9.80 9.63
4-Months 9.50 9.75 9.60 9.80 9.66
5-Months 9.50 9.90 9.65 9.90 9.74
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 failed to continue last week closing trend and lost its value amid lazy trading. The dollar was traded at Rs 60.50 and Rs 60.60 against Rs 60.60 and Rs 60.70 of Saturday as its buying and selling rates. The rupee remained strong and moved up against the pound sterling whose rate declined to Rs 122.50 and Rs 122.80 as compared to the previous closing of Rs 123.20 and Rs 123.50 on buying and selling sides.
The dollar opened at Rs 60.60 (buying) and Rs 60.70 (selling) against the last week's rate. It did not observe any change in the second session and closed at Rs 60.60 (buying) and Rs 60.70 (selling).
Pound Sterling opened at Rs 123 (buying) and Rs 123.20 (selling) against the overnight value. The British currency did not observe any change in the last trading hours and closed at Rs 123.00 (buying) and Rs 123.20 (selling).