THE RUPEE: dollar trimmed on interbank market

28 Jan, 2009

Rising trend was seen on the interbank market on Tuesday as the rupee appreciated by 10 paisa versus dollar for buying at 78.85 and it also gained 15 paisa for selling at 78.90 respectively, dealers said. The dollar was in demand but there were some dollar selling also which helped the rupee to look forward, they added.
Some currency analysts said that the rupee may move both ways versus the dollar in the coming days. Amid second session yen fell against euro and sterling as Tokyo shares rose and after the Japanese government confirmed a capital injection scheme to help companies seriously hurt by the financial crisis.
The yen had fallen the previous day after British bank Barclays said it would report a 2008 pretax profit and US data showed a rise in home sales, helping revive investors' risk appetite.


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Open Buying Rs 79.00
Open Selling Rs 79.50
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Buying Rs 78.85
Selling Rs 78.90
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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 8.75 10.25 9.00 10.50 9.63
1-Week 10.00 10.50 10.40 10.75 10.41
2-Week 10.75 11.00 11.00 11.25 11.00
1-Month 11.50 11.75 11.75 12.00 11.75
2-Months 12.50 12.80 12.90 13.00 12.80
3-Months 13.20 13.40 13.50 13.70 13.45
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 13.40 13.65 13.90 14.10 13.76
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 10.00 11.50 10.50 12.00 11.00
1-Week 11.00 13.00 12.00 13.50 12.38
2-Week 11.50 13.50 12.00 14.00 12.75
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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However, the rupee failed to maintain its trend and depreciated its value against the pound sterling. The pound's buying and selling rates slipped from Monday closing of Rs 111.00 and Rs 112.50 to Rs 111.50 and Rs 113.00, respectively, the moneychangers said.

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