THE RUPEE: rising trend

07 Jan, 2009

The rupee inched up with slight gain against the dollar on the interbank market on Tuesday, gaining five paisa for buying and selling at 79.10 and 79.15, dealers said. There was strong demand for dollars ahead of Ashura holidays but the rupee managed to look ahead in process of trading, they added.
Besides, the rupee was able to retain its gain due to easy supply of dollars and it is likely that the rupee may move both ways in the near future, they said. Amid second session of the Asian trade, the dollar advanced to a three-week high against the euro, supported by growing expectations that the interest rate gap between the United States and the euro zone will narrow further.


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Open Buying Rs 79.00
Open Selling Rs 79.50
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Buying Rs 79.10
Selling Rs 79.15
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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 14.90 8.50 14.90 11.58
1-Week 9.00 9.50 9.50 10.00 9.50
2-Week 9.50 10.00 9.75 10.25 9.88
1-Month 11.50 12.00 11.90 12.25 11.91
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 12.00 9.00 13.00 10.50
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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