The rupee-dollar official parity rates moved both ways on the currency market on Friday, dealers said. The rupee gained five paisa against dollar on the interbank market for buying and selling at 79.40 and 79.45, they said.
Rising trend in foreign exchange reserves as a result of improvement in inflows boosted the rupee in the local market, they observed. At the week-end, amid Asian trading, the dollar gained a brief lift against the yen after the Bank of Japan cut interest rates, but quickly gave up its gains, hurt by ongoing worries about the US economy's outlook.
In addition to cutting interest rates by 20 basis points to 0.1 percent, the BOJ said it would increase its monthly outright purchases of Japanese government bonds and said it would temporarily buy commercial paper outright.
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Open Buying Rs 79.00
Open Selling Rs 79.50
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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 13.00 14.75 14.00 14.90 14.16
1-Week 12.90 13.25 13.25 13.50 13.23
2-Week 12.25 12.75 13.00 13.50 12.88
1-Month 13.00 13.25 13.50 13.75 13.38
2-Months 13.00 13.50 13.75 14.00 13.56
3-Months 13.25 13.40 13.50 14.00 13.54
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 14.00 17.00 16.00 19.00 16.50
1-Week 13.00 14.50 13.75 15.00 14.06
2-Week 12.00 13.50 13.00 14.50 13.25
1-Month 14.00 16.00 15.00 16.50 15.38
2-Months 15.00 16.00 15.50 16.50 15.75
3-Months 15.00 16.00 16.00 16.50 15.88
4-Months 15.50 16.50 16.00 17.00 16.25
5-Months 16.00 16.50 16.50 17.00 16.50
6-Months 16.00 16.50 16.50 17.00 16.50
9-Months 16.25 16.75 16.75 17.25 16.75
1-Year 16.50 17.00 17.00 17.50 17.00
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According to the moneychangers, the dollar resumed trading at the overnight closing of Rs 79.00 and Rs 81.00 as its buying and selling rates, respectively. The dollar could not sustain and at the end of trading, finished at Rs 79.00 and Rs 80.50 on buying and selling sides, respectively.
Similarly, the rupee maintained upward slide and improved its value against the pound sterling. The pound's buying and selling rates declined to Rs 115.00 and Rs 121.00 as compared to Thursday closing of Rs 117.50 and Rs 122.00, respectively.
The dollar opened at Rs 79.20 (buying) and Rs 79.30 (selling) against the last rate of Rs 79.60 (buying) and Rs 79.70 (selling). It did not observe further change in the second session and closed at against the last rate of Rs 79.20 (buying) and Rs 79.30 (selling).
Pound Sterling opened at Rs 120.00 (buying) and Rs 122.00 (selling) against the last rate of Rs 118.00 (buying) and Rs 119.00 (selling). It did not observe further change in the second session and closed at Rs 120.00 (buying) and Rs 122.00 (selling).