The rupee did not fluctuate sharply against dollar in the interbank market on Tuesday for buying and selling at 62.91 and 62.94, while it was lower by 10 paisa both for buying and selling, dealers said.
The rupee was not able to look ahead as importers continued buying of dollars to meet the payment requirements, they said. In the overseas market, euro slipped in the second session, struggling as traders speculated whether slower European growth will warrant a European Central Bank interest rate cut in the coming months, even as inflationary pressures continue.
Trading activity slowed in the afternoon as market participants awaited data on German investor sentiment due later in the day to get a better sense of the health of the European economy.
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Open Buying Rs 63.10
Open Selling Rs 63.20
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Buying Rs 62.91
Selling Rs 62.94
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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 2.50 8.00 3.00 8.50 5.50
1-Week 8.25 8.75 8.60 9.00 8.65
2-Weeks 8.75 9.00 8.90 9.15 8.95
1-Month 9.00 9.25 9.15 9.40 9.20
2-Months 9.30 9.60 9.45 9.65 9.50
3-Months 9.40 9.65 9.50 9.75 9.58
4-Months 9.50 9.70 9.65 9.80 9.66
5-Months 9.50 9.75 9.65 9.80 9.68
6-Months 9.55 9.75 9.70 9.90 9.73
9-Months 9.60 9.80 9.70 9.90 9.75
1-Year 9.65 9.80 9.75 9.90 9.78
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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 3.50 8.50 4.00 8.75 6.19
1-Week 8.50 9.25 8.75 9.50 9.00
2-Weeks 9.20 9.40 9.25 9.50 9.34
1-Month 9.25 9.60 9.40 9.75 9.50
2-Months 9.75 10.00 9.90 10.10 9.94
3-Months 9.75 10.25 10.00 10.40 10.10
4-Months 9.75 10.25 10.00 10.40 10.10
5-Months 9.90 10.30 10.20 10.50 10.23
6-Months 10.00 10.30 10.25 10.50 10.26
9-Months 10.00 10.40 10.25 10.50 10.29
1-Year 10.10 10.50 10.30 10.60 10.38
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The dollar's trading on Tuesday began at Rs 63.00 and Rs 63.10 in the early hours of trading and started improving following fresh buying. The dollar then moved up and closed at Rs 63.05 and Rs 63.15 against Monday's closing of Rs 62.95 and Rs 63.05 on buying and selling sides. The rupee showed stability against the pound and remained unchanged at the overnight closing level. The pound was traded at Rs 122.50 and Rs 122.90 on buying and selling counters.
The dollar opened at Rs 62.75 (buying) and Rs 62.85 (selling) against same previous rate. It did not observe any change in the evening session and closed at Rs 62.75 (buying) and Rs 62.85 (selling). Pound sterling opened at Rs 123.25 (buying) and Rs 123.50 (selling) against same overnight value. It did not observe any change in the last trading hours and closed at Rs 123.25 (buying) and Rs 123.50 (selling).