Falling trend was observed on the currency market on Monday as dollars were short in demand due to strong buying demand by importers, dealers said. In the interbank market, the rupee lost 20 paisa against dollar for buying at 79.30 and 15 paisa for selling at 79.35, they said.
In the first beginning session of the week, sterling hit a record low against the euro, hurt by its yield disadvantage against the single European currency. A bleak outlook for the UK economy and expectations that euro zone interest rates are likely to stay higher than British rates in coming months pushed sterling lower.
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Open Buying Rs 79.30
Open Selling Rs 79.80
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Buying Rs 79.30
Selling Rs 79.35
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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 2.50 8.00 3.00 8.50 5.50
1-Week 8.50 9.50 9.50 10.00 9.38
2-Week 10.50 11.00 11.00 11.50 11.00
1-Month 11.50 12.25 12.50 13.00 12.31
2-Months 12.50 13.25 13.00 13.50 13.06
3-Months 13.25 13.40 13.60 13.90 13.54
4-Months 13.25 13.75 13.75 14.00 13.69
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 5.00 10.00 6.00 11.00 8.00
1-Week 11.00 13.00 12.00 14.00 12.50
2-Week 12.00 13.50 14.00 15.00 13.63
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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The British Pound was purchased and sold at Rs 116.50 and Rs 117.50, respectively, as against Rs 117.00 (buying) and Rs 118.00 (selling) of Friday. The moneychangers were of the view that the dollar kept on showing upward slide throughout the day mainly due to increasing demand.