The dollar maintained its surge versus the rupee in both open and interbank market on Wednesday, money experts said. In the interbank market the rupee was down by 10 paisa against dollar for buying at 67.80 and it also shed five paisa for selling at 67.85, they said.
They said that many in the market were anticipating that the rupee may recover but against the expectations, the local currency fell due to year-end-payments. In the third session of the Asian trade, dollar steadied against yen and euro after dipping the previous day after US consumer confidence hit a 16-year low and housing prices suffered a record annual drop. The weak data stirred doubts about the US Federal Reserve's ability to raise interest rates later this year to stem inflation, supporting dollar on Tuesday.

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Open Buying             Rs 68.50
Open Selling            Rs 68.70
================================

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Buying                Rs 67.70
Selling               Rs 67.80
==============================
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Repo Rates (Yield p a)
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Tenor      Low Bid   High Bid   Low Offer   High Offer    Average
=================================================================
Overnight    10.50     11.90       10.75        11.90       11.26
1-Week       11.25     11.50       11.50        11.75       11.50
2-Week       11.00     11.40       11.25        11.60       11.31
1-Month      11.00     11.30       11.25        11.50       11.26
2-Months     11.25     11.40       11.40        11.50       11.39
3-Months     11.35     11.50       11.50        11.60       11.49
4-Months     11.40     11.50       11.50        11.65       11.51
5-Months     11.45     11.55       11.55        11.65       11.55
6-Months     11.45     11.60       11.55        11.70       11.58
9-Months     11.50     11.60       11.60        11.70       11.60
1-Year       11.50     11.65       11.60        11.80       11.64
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Call Rates (Yield p a)
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Tenor      Low Bid   High Bid   Low Offer   High Offer    Average
=================================================================
Overnight    12.00     15.00       13.00        16.00       14.00
1-Week       13.00     15.00       14.00        16.00       14.50
2-Week       13.50     15.50       14.00        16.00       14.75
1-Month      13.00     15.00       14.00        16.00       14.50
2-Months     12.50     15.00       13.50        16.00       14.25
3-Months     13.00     14.50       14.00        15.50       14.25
4-Months     13.00     14.50       14.00        15.50       14.25
5-Months     13.75     14.50       14.25        15.50       14.50
6-Months     14.00     14.75       14.50        15.50       14.69
9-Months     14.25     15.00       14.75        16.00       15.00
1-Year       14.50     15.50       15.00        16.00       15.25
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