The rupee moved both ways on the open market on Thursday at the starting session of the new-year 2009, dealers said. On the open market, the rupee lost 30 paisa against the dollar for buying and selling at 78.80 and 79.30, they said. The rupee gained modestly in relation to the Euro, rising 60 paisa for buying and selling at 109.00 and Rs 109.20, they said.
The interbank market rates were not issued owing to bank closing, they added. Amid fourth session, the US dollar rose and posted its first yearly gain against a basket of currencies since 2005 as the worst financial crisis in 80 years led investors to take refuge in the greenback.
Despite a deepening recession in the United States, the dollar emerged from a seven-year downtrend as US-based investors brought cash home and overseas investors parked money in the relative safety of dollar-denominated assets such as Treasuries.
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Open Buying Rs 78.80
Open Selling Rs 79.30
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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 12.00 14.90 14.00 14.90 13.95
1-Week 13.00 14.50 14.00 14.75 14.06
2-Week 12.50 13.00 13.00 13.50 13.00
1-Month 12.25 12.75 12.60 13.00 12.65
2-Months 13.00 13.25 13.25 13.50 13.25
3-Months 13.25 13.60 13.60 13.90 13.59
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 15.00 18.00 16.00 20.00 17.25
1-Week 14.00 16.00 15.00 17.00 15.50
2-Week 13.00 14.00 14.00 15.00 14.00
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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