Bearish sentiment was seen on the interbank market on Saturday as the rupee fell by 15 paisa against the dollar for buying and selling at 79.15 and 79.20, dealers said. They said that importers were busy in forward buying ahead of Ashura holidays to meet payment requirements.
In NY market, the US dollar rallied to a three-week high against yen on the first trading day of 2009 after a strong performance on Wall Street encouraged risk appetite. The dollar also gained versus the euro, after data showed deepening recession in the euro zone and as traders deemed the euro's rapid advance last month was overdone. Thin holiday trading volumes may have exacerbated currency moves, analysts said.
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Open buying ($) Rs 79.00
Open selling ($) Rs 79.50
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Buying Rs 79.15
Selling Rs 79.20
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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 5.50 11.00 6.00 12.00 8.63
1-Week 8.50 9.50 9.50 10.00 9.38
2-Week 10.00 11.25 11.00 11.50 10.94
1-Month 11.75 12.00 12.00 12.40 12.04
2-Months 12.75 13.25 13.00 13.50 13.13
3-Months 13.25 13.75 13.60 13.90 13.63
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 8.00 13.00 9.00 14.00 11.00
1-Week 11.00 14.00 12.00 15.00 13.00
2-Week 12.00 14.00 12.50 15.00 13.38
1-Month 13.00 15.00 14.00 16.00 14.50
2-Months 14.00 15.00 15.00 16.00 15.00
3-Months 14.50 16.00 15.50 16.50 15.63
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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British pound was purchased and sold at Rs 116.00 and Rs 116.80, respectively, as against Rs 115.50(buying) and Rs 116.50 (selling) of Friday.
The dollar opened at Rs 78.50 (buying) and Rs 78.80 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 78.50 (buying) and Rs 78.80 (selling).
Pound sterling opened at Rs 117 (buying) and Rs 118 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 117 (buying) and Rs 118 (selling).