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. During the second Asian trade.
The yen rose broadly and climbed over two percent against the Australian dollar after Australia's central bank caught investors off guard with a bigger-than-expected rate cut.
The Reserve Bank of Australia (RBA) cut its key benchmark cash rate 75 basis points to 5.25 percent on Tuesday, surprising market players who had been expecting a 50 basis point cut, as it battled to save the economy from a global recession.
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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 10.00 12.90 10.50 12.90 11.58
1-Week 10.50 10.75 10.75 11.00 10.75
2-Week 10.75 11.00 11.00 11.25 11.00
1-Month 11.75 12.00 12.10 12.25 12.03
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 12.00 16.00 13.00 17.00 14.50
1-Week 13.00 16.00 14.00 17.00 15.00
2-Week 13.50 16.00 14.00 17.00 15.13
1-Month 14.50 16.00 15.00 16.50 15.50
2-Months 15.00 16.00 15.50 16.50 15.75
3-Months 15.00 16.50 15.50 17.00 16.00
4-Months 15.50 16.50 16.00 17.00 16.25
5-Months 15.50 17.00 16.00 17.50 16.50
6-Months 15.50 17.00 16.00 17.50 16.50
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 opened on a healthy note and regained its strength amid fresh buying. The dollar moved up and closed at Rs 82.00 and Rs 83.00 on buying and selling sides against the overnight closing of Rs 81.50 and Rs 82.00, respectively.
On the contrary, the rupee continued rising trend and further appreciated its value against the pound sterling. The pound's buying and selling rate slipped to Rs 131.00 and Rs 134.50 as compared to Monday closing of Rs 133.00 and Rs 136.00, respectively.