The dollar attained the new high against the rupee in both interbank and open market on Friday, dealers said. In the interbank market the rupee touched the record low at 78.00, dealers said. Since the week started the rupee is on the downside.
On Fdiday losing 20 paisa versus the dollar for buying at 77.90 and it was also down by 25 paisa for selling at 78.00, they said. In fact, there were a few import payments but supply of dollars was tight, which dragged the rupee down in terms of dollar, they said.
The State Bank has been buying dollars in the ready market with a simultaneous commitment to sell them back in future, they said. The market remained apprehensive over the lack of inflows from the lenders, while dwindling foreign currency reserves limited the scope for central bank intervention. In the fifth Asian trading dollar jumped against euro and yen, boosted by news that the US government is considering a comprehensive plan to deal with the toxic bank assets causing the credit crisis.
US Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke plan to work through the weekend on a plan that congressional leaders said would focus on dealing with illiquid assets.
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OPEN BUYING Rs 77.70
OPEN SELLING Rs 78.00
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Buying Rs 77.90
Selling Rs 78.00
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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 12.90 12.90 12.90 12.90 12.90
1-Week 12.40 12.60 12.60 12.70 12.58
2-Week 12.35 12.50 12.50 12.60 12.49
1-Month 12.25 12.40 12.45 12.55 12.41
2-Months 12.40 12.55 12.55 12.65 12.54
3-Months 12.35 12.55 12.55 12.65 12.53
4-Months 12.40 12.60 12.55 12.70 12.56
5-Months 12.40 12.60 12.55 12.70 12.56
6-Months 12.40 12.60 12.55 12.70 12.56
9-Months 12.45 12.65 12.60 12.65 12.59
1-Year 12.45 12.65 12.60 12.70 12.60
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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 16.50 14.50 17.00 15.50
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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