Steady trend was seen in the interbank market on Friday as the rupee retained its overnight levels against dollar for buying at 62.45 and selling at 62.48, dealers said. Easy supply of dollars provided an opportunity to the rupee to sustain its levels in process of trading, they said.
In the Asian final session, the euro inched up on Friday, supported after tough inflation talk from a European Central Bank official dashed speculation of a possible euro-zone interest rate cut, even as the Federal Reserve is expected to slash rates further.
A broad recovery in global stock markets from a frantic sell-off has helped to stir risk demand, boosting high-yielding currencies particularly versus yen, which in turn pushed the low-yielding Japanese currency down against dollar.
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Open Buying Rs 62.65
Open Selling Rs 62.75
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Buying Rs 62.45
Selling Rs 62.48
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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 3.50 8.25 4.00 8.50 6.06
1-Week 8.80 9.15 8.95 9.25 9.04
2-Weeks 9.00 9.25 9.10 9.30 9.16
1-Month 9.10 9.35 9.15 9.45 9.26
2-Months 9.30 9.50 9.45 9.55 9.45
3-Months 9.35 9.55 9.45 9.60 9.49
4-Months 9.40 9.60 9.50 9.65 9.54
5-Months 9.40 9.60 9.50 9.65 9.54
6-Months 9.45 9.65 9.55 9.75 9.60
9-Months 9.45 9.70 9.55 9.75 9.61
1-Year 9.45 9.70 9.55 9.75 9.61
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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 4.00 8.50 4.50 8.75 6.44
1-Week 9.00 9.40 9.30 9.50 9.30
2-Weeks 9.25 9.50 9.40 9.60 9.44
1-Month 9.40 9.65 9.50 9.75 9.58
2-Months 9.60 9.90 9.75 10.00 9.81
3-Months 9.65 9.90 9.75 10.00 9.83
4-Months 9.75 10.00 9.90 10.10 9.94
5-Months 9.75 10.00 9.90 10.10 9.94
6-Months 9.90 10.25 10.00 10.40 10.14
9-Months 9.90 10.25 10.10 10.40 10.16
1-Year 9.90 10.25 10.10 10.50 10.19
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Against the pound, the rupee failed to change its downward course and slipped to Rs 123.30 and Rs 123.60 as compared to Thursday's closing of Rs 122.30 and Rs 122.80 on buying and selling counters.
The dollar opened at Rs 62.60 (buying) and Rs 62.70 (selling) against same last rate. It did not observe any change in the second session and closed at Rs 62.60 (buying) and Rs 62.70 (selling). Pound sterling opened at Rs 122.40 (buying) and Rs 122.60 (selling) against same overnight value. It did not observe any change in the evening session and closed at Rs 122.40 (buying) and Rs 122.60 (selling).