Firm trend was witnessed on the interbank market on Wednesday as the rupee gained five paisa against dollar for buying and selling at 81.40 and 81.45, dealers said. All the eyes were set on developments on the economic front, awaiting word on whether the government was going to request loans from the International Monetary Fund (IMF) to avoid a balance of payments crisis.
During the third Asian trading session, the euro extended losses against dollar and yen, hit by a bleak economic outlook and expectations for lower interest rates in the euro zone. The euro hit a fresh 20-month low against dollar to a low of $1.3002 and fell to a four-year low against yen of 130.17 yen.
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Open Buying Rs 83.00
Open Selling Rs 83.20
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Buying Rs 81.40
Selling Rs 81.45
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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 7.00 10.50 8.00 11.00 9.13
1-Week 9.75 10.40 10.25 10.75 10.29
2-Week 10.75 11.25 11.25 11.75 11.25
1-Month 11.75 12.10 12.00 12.25 12.03
2-Months 12.30 12.40 12.40 12.50 12.40
3-Months 12.40 12.50 12.50 12.60 12.50
4-Months 12.40 12.55 12.50 12.60 12.51
5-Months 12.45 12.60 12.55 12.65 12.56
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 13.00 18.00 14.00 19.00 16.00
1-Week 13.00 17.00 14.00 18.00 15.50
2-Week 13.00 17.00 14.00 18.00 15.50
1-Month 12.50 16.00 13.50 17.00 14.75
2-Months 13.00 15.00 14.00 16.00 14.50
3-Months 13.00 15.00 14.00 16.00 14.50
4-Months 13.00 15.00 14.00 16.00 14.50
5-Months 13.50 15.50 14.50 16.50 15.00
6-Months 13.50 15.50 14.50 16.50 15.00
9-Months 14.50 16.00 15.50 17.00 15.75
1-Year 14.50 16.00 15.50 17.00 15.75
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However, the rupee showed strength and maintained rising trend against the British pound. The pound was traded at Rs 137.50 and Rs 142.00 on buying and selling counters against the Tuesday closing of Rs 139.50 and Rs 142.50, respectively