Bullish sentiment was seen on the interbank market on Tuesday as the rupee gained 40 paisa against dollar for buying at 79.40 and it also rose by 45 paisa for selling at 79.45, dealers said. After the International Monetary Fund deal, the rupee performed well in relation to the greenback and it is likely that the rupee may manage to hold its gain in the near future, they said.
In the second session of the Asian trade yen nudged lower against dollar but was underpinned by risk aversion as Tokyo shares fell following a drop in US stocks on deepening concerns about a global recession. Weak stock markets may prompt more unwinding of carry trades, in which investors borrow the low-yielding yen to buy higher-yielding currencies and assets, traders said. That would put a cap on dollar's rise against the yen.
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Open Buying Rs 78.00
Open Selling Rs 79.00
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Buying Rs 79.40
Selling Rs 79.45
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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 1.00 5.00 1.50 6.00 3.38
1-Week 9.00 9.50 9.75 10.00 9.56
2-Week 10.00 10.75 10.25 11.00 10.50
1-Month 10.75 11.00 11.00 11.25 11.00
2-Months 12.60 12.80 12.80 13.00 12.80
3-Months 13.25 13.60 13.60 13.80 13.56
4-Months 13.50 13.75 13.75 14.00 13.75
5-Months 13.50 13.75 13.75 14.00 13.75
6-Months 13.60 14.00 14.00 14.25 13.96
9-Months 13.90 14.20 14.25 14.50 14.21
1-Year 14.00 14.25 14.30 14.55 14.28
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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 4.00 12.00 5.00 13.00 8.50
1-Week 12.00 14.00 13.00 15.00 13.50
2-Week 14.00 15.00 14.50 15.50 14.75
1-Month 15.00 15.50 15.50 16.00 15.50
2-Months 15.25 15.75 15.50 16.00 15.63
3-Months 15.50 16.00 16.00 16.50 16.00
4-Months 15.50 16.00 16.00 16.50 16.00
5-Months 15.75 16.25 16.25 16.75 16.25
6-Months 16.00 16.50 16.50 16.75 16.44
9-Months 16.25 16.75 16.75 17.00 16.69
1-Year 16.50 17.00 17.00 17.50 17.00
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