THE RUPEE: dollar turns lower

01 Nov, 2008

The rupee showing its muscles on expectations of improving inflows, recovered 25 paisa against dollar for buying at 81.45 and it also gained 20 paisa for selling at 81.55 in the interbank market on Friday, currency experts said. The rupee may improve further in terms of dollar in days to come, they said.
Amid final Asian session yen rose against dollar and euro as a drop in Tokyo share prices renewed investor concern over riskier assets, while players cautiously awaited the Bank of Japan's policy decision due later in the day.
The weakness in stocks reflected gloomy prospects for the world's economies despite global interest rate cuts -- prospects, which weighed on high-yielding currencies, traders said.


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Open Buying Rs 82.85
Open Selling Rs 83.30
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Buying Rs 81.45
Selling Rs 81.55
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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 11.00 12.90 11.50 12.90 12.08
1-Week 11.50 12.00 11.90 12.10 11.88
2-Week 11.75 12.00 12.00 12.20 11.99
1-Month 11.75 12.10 12.20 12.40 12.11
2-Months 12.25 12.45 12.40 12.55 12.41
3-Months 12.25 12.50 12.40 12.60 12.44
4-Months 12.35 12.50 12.45 12.55 12.46
5-Months 12.40 12.55 12.50 12.60 12.51
6-Months 12.50 12.60 12.55 12.65 12.58
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 14.00 17.00 14.50 18.00 15.88
2-Week 14.00 17.00 14.50 18.00 15.88
1-Month 14.50 16.00 15.00 17.00 15.63
2-Months 14.50 16.00 15.00 17.00 15.63
3-Months 15.00 16.50 15.50 17.00 16.00
4-Months 15.00 16.50 16.00 17.50 16.25
5-Months 15.00 17.00 16.00 18.00 16.50
6-Months 15.50 17.00 16.00 18.00 16.63
9-Months 16.00 17.50 16.50 18.00 17.00
1-Year 16.00 17.50 17.00 18.50 17.25
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