Sharp erosion was seen in the rupee's value against dollar in the interbank market on Tuesday, shedding 33 paisa for buying and 35 paisa for selling at 76.95 and 77.00, currency dealers said. The sharp rise in dollar demand indicating that it may cross the level of 77.20 mark in the coming days, they said.
In the second Asian trading, the US dollar slumped against yen as risk aversion spread on the back of a slump in equities following the collapse of Lehman Brothers Holdings Inc. Investors in Tokyo had their first chance to fully react to the Lehman debacle on Tuesday as Japanese markets were closed on Monday for a public holiday.
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Open Buying Rs 76.70
Open Selling Rs 77.00
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Buying Rs 76.95
Selling Rs 77.00
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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 12.50 12.90 12.75 12.90 12.76
1-Week 12.35 12.50 12.60 12.75 12.55
2-Week 12.25 12.40 12.40 12.50 12.39
1-Month 12.10 12.30 12.40 12.50 12.33
2-Months 12.25 12.40 12.35 12.50 12.38
3-Months 12.25 12.40 12.35 12.50 12.38
4-Months 12.25 12.45 12.40 12.55 12.41
5-Months 12.25 12.50 12.40 12.60 12.44
6-Months 12.30 12.50 12.45 12.60 12.46
9-Months 12.35 12.55 12.50 12.65 12.51
1-Year 12.40 12.60 12.50 12.70 12.55
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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 14.00 18.00 14.50 18.50 16.25
1-Week 13.50 16.00 14.00 16.50 15.00
2-Week 13.50 15.50 14.00 16.00 14.75
1-Month 13.50 15.00 14.00 15.50 14.50
2-Months 13.50 15.00 14.00 15.50 14.50
3-Months 13.50 15.00 14.00 15.50 14.50
4-Months 13.50 15.00 13.75 15.50 14.44
5-Months 13.50 15.25 14.00 15.75 14.63
6-Months 13.50 15.25 14.00 15.75 14.63
9-Months 13.75 15.50 14.50 16.00 14.94
1-Year 13.75 15.50 14.50 16.00 14.94
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Similarly, the British pound appreciated its worth on buying side at Rs 137.50 as against Rs 137.25 of Monday. The Pound was traded at Rs 138.00 on selling counter as compared to Rs 138.25 of last day.
The dollar opened at Rs 76.80 (buying) and Rs 76.90 (selling) against last rate of Rs 76.70 (buying) and Rs 76.80 (selling). There was no further change in the evening session and closing was seen at Rs 76.80 (buying) and Rs 76.90 (selling). Pound Sterling opened at Rs 137 (buying) and Rs 137.50 (selling) against same overnight value. It did not go under any change in the second session and market closed at Rs 137 (buying) and Rs 137.50 (selling).