Before the announcement of federal budget for 2008-09, the rupee held its overnight firmness against dollar on the interbank market on Wednesday, rising 30 paisa for buying and selling at 67.30 and 67.40, money experts said. Easy supply of dollars helped the rupee to improve from the previous levels versus dollar amid pre-budget session, they said.
Commenting on the new budget, some analysts said that the whole nation, who is already battling with the unrealistic surge in the prices of all essentials, not hoping for very positive things but traditionally, they feel something may be good in the new budget.
In the third session of the Asian trade, dollar held steady against other major currencies in Asian trade amid growing speculation that the US Federal Reserve may hike interest rates to fight inflation, dealers said.
They said the market was looking ahead to a meeting of Group of Eight finance ministers this weekend, with signs that Washington is seeking to put a floor under the greenback. The dollar was at 107.35 yen in Tokyo morning trade, compared with 107.38 in New York late Tuesday.

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Open Buying             Rs 68.25
Open Selling            Rs 68.40
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Buying                Rs 67.30
Selling               Rs 67.40
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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    7.25       9.50        7.50        9.75         8.50
1-Week       9.50      10.00        9.75       10.25         9.88
2-Week       9.75      10.00        9.85       10.40        10.00
1-Month     10.50      10.75       10.70       11.00        10.74
2-Months    10.75      11.00       11.00       11.20        10.99
3-Months    10.80      11.10       11.00       11.25        11.04
4-Months    11.00      11.25       11.25       11.30        11.20
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    9.00      11.50        9.50       12.00        10.50
1-Week      10.50      11.50       11.00       12.50        11.38
2-Week      11.00      12.00       11.50       13.00        11.88
1-Month     12.00      13.00       13.00       14.00        13.00
2-Months    12.00      13.50       13.00       14.00        13.13
3-Months    13.00      14.50       14.00       15.00        14.13
4-Months    13.00      14.50       14.00       15.00        14.13
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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