The rupee almost held its overnight trend against dollar in the interbank and open markets, it shed five paisa for buying at 67.40 while it retained its overnight level for selling at 67.50, money experts said. The demand for dollars was high as the importers were in the market to make payments to the foreign firms, they noted.
Some analysts said that till the announcement of budget 2008-09, dollar will perform at the upper side and after the budget it would also maintain its supremacy in the presence of widening trade deficit. In the meantime, tightening monetary policy, caused the rupee to erode its gains versus the dollar.
In the fifth session, euro was steady against dollar on Friday, holding hefty gains scored after European Central Bank President Jean-Claude Trichet said a number of policymakers wanted higher interest rates and a hike was possible as soon as next month.
The blunt warning that rates could be raised by a quarter-point in July sent euro soaring more than 1 percent against dollar and snuffed out the US currency's rebound this week.

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Open Buying             Rs 68.15
Open Selling            Rs 68.25
================================

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Buying                Rs 67.40
Selling                  67.50
==============================
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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    10.50     11.90      10.75        11.95        11.28
1-Week       10.50     10.90      10.65        11.00        10.76
2-Week       10.75     11.00      10.90        11.10        10.94
1-Month      10.90     11.20      11.10        11.30        11.13
2-Months     10.90     11.20      11.15        11.30        11.14
3-Months     10.90     11.25      11.15        11.30        11.15
4-Months     11.00     11.30      11.25        11.40        11.24
5-Months     11.00     11.40      11.30        11.50        11.30
6-Months     11.25     11.50      11.40        11.60        11.44
9-Months     11.25     11.50      11.50        11.65        11.48
1-Year       11.25     11.50      11.50        11.70        11.49
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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    12.50     19.00      13.00        20.00        16.13
1-Week       11.50     15.50      12.00        16.00        13.75
2-Week       11.50     15.00      12.00        15.50        13.50
1-Month      12.00     14.50      12.50        15.00        13.50
2-Months     12.50     14.50      13.50        15.00        13.88
3-Months     13.00     14.50      14.50        15.00        14.25
4-Months     13.50     14.75      14.00        15.50        14.44
5-Months     13.75     14.50      14.25        15.00        14.38
6-Months     14.00     14.50      14.50        15.00        14.50
9-Months     14.00     14.50      14.50        15.00        14.50
1-Year       14.25     14.75      14.75        15.25        14.75
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