Firm trend was seen on the currency market on Monday as the rupee gained modestly in process of trading, dealers said. On the interbank market the rupee gained five paisa in relation to dollar for buying and selling at 79.80 and 79.85, they said.
The rupee touched the low level at 80.20 versus the dollar due to highest demand for the US currency by the importers, they added. In the first Asian trading dollar slipped against euro and yen as investor aversion towards risk eased slightly on a report that Citigroup was in talks that could see the US government take a large chunk of the struggling lender's common stock.
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Open Buying Rs 79.70
Open Selling Rs 80.00
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Buying Rs 79.80
Selling Rs 79.85
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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 13.00 8.50 13.50 10.75
1-Week 10.25 10.75 10.50 11.00 10.63
2-Week 11.25 11.75 11.50 12.00 11.63
1-Month 11.60 12.00 11.90 12.25 11.94
2-Months 12.25 12.75 12.50 12.90 12.60
3-Months 12.60 12.90 12.80 13.00 12.83
4-Months 12.60 12.90 12.80 13.00 12.83
5-Months 12.75 13.00 12.90 13.10 12.94
6-Months 12.75 13.15 13.00 13.25 13.04
9-Months 13.00 13.20 13.10 13.25 13.14
1-Year 13.00 13.25 13.15 13.35 13.19
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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 9.00 13.50 9.50 14.00 11.50
1-Week 11.50 13.00 12.00 14.00 12.63
2-Week 12.00 13.00 12.25 13.50 12.69
1-Month 12.50 13.50 13.00 14.00 13.25
2-Months 13.25 14.00 13.50 14.25 13.75
3-Months 13.50 14.50 14.00 14.75 14.19
4-Months 13.75 14.50 14.00 14.75 14.25
5-Months 14.00 14.60 14.25 14.75 14.40
6-Months 14.25 14.75 14.50 14.90 14.60
9-Months 14.50 15.00 14.75 15.00 14.81
1-Year 14.50 15.00 14.75 15.00 14.81
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On the contrary, the rupee remained under pressure and depreciated its value against the pound sterling. The pound's buying and selling rates increased from previous closing of Rs 114.30 and Rs 114.60 to Rs 115.50 and Rs 116.50, respectively, the moneychangers added.