The rates of the rupee moved both ways on the currency market on Monday in process of trading, currency experts said. The rupee lost 30 paisa in relation to dollar for buying and selling at 81.00 and 81.10, they said.
In the first session of the Asian trade, the US dollar retreated after recording its biggest monthly gain in more than 17 years in October, on signs of some revival in risk appetite as investors anticipate another round of interest rate cuts by major central banks.
Asian stock markets were higher, the Aussie dollar rallied nearly 3 percent from Friday's lows and the Japanese yen surrendered some of its gains even though traders had their doubts about how long the revival would last.
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Open Buying Rs.81.05
Open Selling Rs.82.00
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Buying Rs.81.00
Selling Rs.81.10
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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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The dollar's last week demand could not remain intact that helped rupee's improvement. The dollar closed lower at Rs 81.50 and Rs 82.00 against the Saturday closing of Rs 83.00 and Rs 84.00 on buying and selling counters, respectively.
Similarly, the rupee showed strength and further slide up against the British pound. The pound's buying and selling rate declined from previous closing of Rs 134.50 and Rs 137.00 to Rs 133.00 and Rs 136.00, respectively.
Pound Sterling opened at Rs 135.00 (buying) and Rs 136 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 135.00 (buying) and Rs 136.00 (selling).