Falling trend was seen on the interbank market on Monday as the rupee lost 30 paisa against the dollar for buying at 66.95 and it also shed 24 paisa for selling at 66.99, currency experts said. Demand was up by the importers and supply was tight, so the rupee was not able to hold its weekend levels versus dollar.
But it is expected that the rupee may recover its lost ground versus the greenback, they said. In the Asian market dollar neared a four-month high against yen on Monday, having earlier dipped after Group of Eight finance ministers failed to produce a strong message against dollar weakness at their weekend meeting.
The dollar trimmed its initial losses against yen due to buying by Japanese importers as well as a 2.6 percent rise in Tokyo share prices that pointed to an increase in investors' risk appetite, traders said.
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Open Buying Rs 67.85
Open Selling Rs 68.10
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Buying Rs 66.95
Selling Rs 66.99
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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 11.90 11.95 11.90 11.95 11.93
1-Week 11.25 11.50 11.60 11.75 11.53
2-Week 11.00 11.30 11.25 11.50 11.26
1-Month 10.90 11.20 11.20 11.40 11.18
2-Months 11.00 11.25 11.25 11.40 11.23
3-Months 11.00 11.25 11.25 11.40 11.23
4-Months 11.10 11.30 11.25 11.40 11.26
5-Months 11.10 11.40 11.30 11.50 11.33
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 13.50 18.00 14.50 19.00 16.25
1-Week 12.00 15.00 13.00 16.00 14.00
2-Week 12.00 14.50 13.00 15.50 13.75
1-Month 12.00 15.00 13.00 16.00 14.00
2-Months 12.00 15.00 13.00 16.00 14.00
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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The dollar witnessed fresh demand that pushed the rupee's rate down. The dollar kept moving up during the day's trading and finally closed higher at Rs 68.20 and Rs 68.50 against the last Saturday closing of Rs 67.90 and Rs 68.20 on buying and selling sides, respectively.
Similarly, the rupee could not maintain last week rising trend and remained under pressure. The rupee slide down against the pound sterling whose buying and selling rates improved from last week closing of Rs 132.00 and Rs 132.75 to Rs 133.00 and Rs 133.50 respectively.
It opened at Rs 67.80 (buying) and Rs 67.90 (selling) against the last week's rate of Rs 68.00 (buying) and Rs 68.30 (selling). It did not witness any change in the second session and closed at Rs 67.80 (buying) and Rs 67.90 (selling).
Pound sterling opened at Rs 133.50 (buying) and Rs 133.80 (selling) against the last rate of Rs 132.80 (buying) and Rs 133.20 (selling). It did not observe any change in the evening session and closed at Rs 133.50 (buying) and Rs 133.80 (selling).