Rates move both ways on the currency market on Monday in process of trading, dealers said. On the interbank market, the rupee was sharply down by 25 paisa for buying at 79.60 and it also lost 27 for selling at 79.65, they said. Strong demand for dollars, pushed the rupee into minus column and if the supply not improves the rupee may face further downward revision, they added.
The dollar and the yen fell on Monday as Asian shares tracked US stocks higher on hopes for bold economic measures from the incoming US administration, further reducing safe-haven flows into the currencies.
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Open Buying Rs 79.20
Open Selling Rs 79.50
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Buying Rs 79.60
Selling Rs 79.65
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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 11.00 14.00 11.50 14.50 12.75
1-Week 10.50 10.75 10.75 11.00 10.75
2-Week 10.50 11.00 11.00 11.25 10.94
1-Month 11.50 12.00 11.75 12.25 11.88
2-Months 12.60 13.00 12.85 13.20 12.91
3-Months 13.25 13.50 13.50 13.75 13.50
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 12.00 14.50 13.00 14.90 13.60
1-Week 12.00 13.00 12.50 14.00 12.88
2-Week 12.00 13.50 13.00 14.00 13.13
1-Month 13.00 14.50 14.00 14.50 14.00
2-Months 14.00 15.00 15.00 15.50 14.88
3-Months 14.50 15.50 15.00 16.00 15.25
4-Months 15.00 15.50 15.50 16.00 15.50
5-Months 15.50 16.00 16.00 16.50 16.00
6-Months 15.50 16.50 16.50 17.00 16.38
9-Months 16.00 16.75 16.50 17.00 16.56
1-Year 16.50 16.75 16.75 17.50 16.88
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The dollar recorded fractional movement but finally closed at the opening levels. On the contrary, the rupee improved its worth against pound sterling. The pound's buying and selling rates slipped from last week's closing of Rs 117.00 and Rs 118.00 to Rs 115.50 and Rs 116.60 respectively.
The dollar opened at Rs 79.80 (buying) and Rs 79.90 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 79.80 (buying) and Rs 79.90 (selling). Pound sterling resumed trading at Rs 118 (buying) and Rs 118.50 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 117 (buying) and Rs 118 (selling).