The rupee touched the new high on the interbank market on Tuesday after the International Monetary Fund (IMF) approved a 7.6 billion dollars loan to avert a balance of payments crisis and the government defaulting on its international debt obligations.
The rupee gained 15 paisa in relation to dollar for buying and selling at 78.90 and 78.95 on the interbank market in process of trading, dealers said. The rupee was able the expand it's gain due to IMF agreement and it is likely that the rupee may travel in plus territory in the near future, they said.
In the second session of the week, yen edged up against the euro after falling around 5 percent the previous day on a rally in US stocks as the US government agreed to inject $20 billion of new capital to rescue troubled Citigroup.
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Open Buying Rs 77.80
Open Selling Rs 78.50
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Buying Rs 78.90
Selling Rs 78.95
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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 8.00 11.50 8.50 12.00 10.00
1-Week 9.25 10.25 9.50 10.50 9.88
2-Week 10.00 10.50 10.50 10.75 10.44
1-Month 10.00 10.25 10.50 11.00 10.44
2-Months 12.25 12.60 12.50 13.00 12.59
3-Months 12.90 13.25 13.25 13.50 13.23
4-Months 13.25 13.75 13.50 14.00 13.63
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 11.00 14.00 12.00 15.00 13.00
1-Week 12.50 14.00 13.00 15.00 13.63
2-Week 13.00 15.00 14.00 15.50 14.38
1-Month 14.00 15.50 15.50 16.00 15.25
2-Months 15.00 15.75 15.50 16.00 15.56
3-Months 15.00 16.00 16.00 16.50 15.88
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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