The rupee continued its slide against dollar on the interbank market at the weekend, losing 10 paisa for buying and selling at 79.70 and 79.75, dealers said. Rising demand for dollar did not allow the rupee to hold it's obtaining levels, they said. In the NY market dollar climbed against yen, boosted by bets that Group of Seven finance chiefs may single out the Japanese currency for excessive strength at this weekend's meeting.
The US currency was also bolstered against yen by optimism about a government programme to subsidise mortgages for homeowners even as investors shifted their focus to the gathering of Group of Seven monetary officials in Rome.
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Open Buying Rs 79.30
Open Selling Rs 79.70
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Buying Rs 79.70
Selling Rs 79.75
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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 12.50 14.90 13.00 14.90 13.83
1-Week 12.25 13.25 12.75 13.50 12.94
2-Week 12.00 12.50 12.25 12.75 12.38
1-Month 12.25 12.75 12.75 13.00 12.69
2-Months 12.60 12.90 12.80 13.00 12.83
3-Months 12.75 13.00 13.00 13.25 13.00
4-Months 12.90 13.20 13.25 13.40 13.19
5-Months 13.10 13.35 13.25 13.45 13.29
6-Months 13.20 13.40 13.40 13.60 13.40
9-Months 13.25 13.45 13.50 13.55 13.44
1-Year 13.40 13.50 13.55 13.65 13.53
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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 14.00 15.00 14.50 15.25 14.69
1-Week 13.50 14.00 14.00 14.50 14.00
2-Week 13.00 13.50 13.25 14.00 13.44
1-Month 13.00 13.50 13.50 14.00 13.50
2-Months 13.25 14.00 13.50 14.25 13.75
3-Months 13.75 14.50 14.25 14.75 14.31
4-Months 14.00 14.50 14.25 14.75 14.38
5-Months 14.00 14.60 14.50 14.75 14.46
6-Months 14.25 14.75 14.75 15.00 14.69
9-Months 14.75 15.25 15.00 15.50 15.13
1-Year 15.00 15.50 15.25 15.75 15.38
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Similarly, the rupee recovered some of its earlier against pound sterling. The pound's buying and selling rates slipped from Rs 114.50 and Rs 116.00 to Rs 114.00 and Rs 115.00, respectively, moneychangers said.
It did not observe further change in the last trading hours and closed at Rs 79.20 (buying) and Rs 79.30 (selling). Pound sterling opened at Rs 114.50 (buying) and Rs 115.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 114.50 (buying) and Rs 115.50 (selling).