THE RUPEE: dollar higher

26 Sep, 2008

The rupee failed to maintain rising trend against dollar on the currency market on Thursday, dealers said. In the interbank market the rupee lost 10 paisa in relation to the US currency for buying and selling at 78.25 and 78.30, they said. Strong buying by the importers pushed dollar demand up and it seems that the rate may move both ways in the coming days, they added.
In the fourth session of trade dollar extended losses against euro, after data showed the pace of existing US home sales fell last month while home prices saw a record drop. The euro rose as high as $1.4738 following the data, from about $1.4719 just before. The currency last traded at $1.4727, up 0.6 percent from late on Tuesday.


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Open Buying Rs 78.20
Open Selling Rs 78.50
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Buying Rs 78.25
Selling Rs 78.30
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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 3.00 11.00 5.00 11.50 7.63
1-Week 11.50 12.00 11.90 12.25 11.91
2-Week 12.00 12.30 12.25 12.50 12.26
1-Month 12.25 12.40 12.40 12.60 12.41
2-Months 12.40 12.60 12.55 12.65 12.55
3-Months 12.45 12.60 12.60 12.70 12.59
4-Months 12.45 12.60 12.60 12.70 12.59
5-Months 12.45 12.60 12.60 12.70 12.59
6-Months 12.50 12.65 12.60 12.70 12.61
9-Months 12.50 12.65 12.60 12.70 12.61
1-Year 12.55 12.65 12.65 12.75 12.65
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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 5.00 14.00 7.00 15.00 10.25
1-Week 12.50 14.00 13.00 15.00 13.63
2-Week 12.50 14.00 13.00 15.00 13.63
1-Month 13.00 15.50 13.50 16.00 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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