Further improvement was seen on the currency market on Thursday as rupee recovered more ground versus dollar, dealers said. On the interbank market the rupee rose by five paisa against dollar for buying and selling at 80.30 and 80.35, they said.
Amid fourth session of Asian market yen rose over one percent versus dollar on Thursday, adding to sharp gains of the previous session, while the New Zealand dollar briefly hit a two-week high after its central bank cut rates less than some had expected.
The US dollar had weakened broadly the previous day as investors decided its recent gains had gone far enough without new stimulus to prompt fresh buying and after a Chinese trade report cast doubt on Chinas ability to finance the US current account deficit.
================================
Open Buying Rs 80.20
Open Selling Rs 80.50
================================
==============================
Buying Rs 80.30
Selling Rs 80.35
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 13.75 14.50 14.00 14.75 14.25
1-Week 12.00 12.50 12.25 12.75 12.38
2-Week 11.75 12.15 11.90 12.25 12.01
1-Month 11.50 12.00 11.80 12.20 11.88
2-Months 10.90 11.20 11.20 11.40 11.18
3-Months 11.00 11.25 11.30 11.50 11.26
4-Months 11.10 11.40 11.30 11.50 11.33
5-Months 11.15 11.45 11.35 11.60 11.39
6-Months 11.20 11.50 11.40 11.60 11.43
9-Months 11.25 11.50 11.50 11.75 11.50
1-Year 11.40 11.60 11.60 11.80 11.60
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 14.00 14.90 14.50 15.00 14.60
1-Week 12.50 13.50 13.00 14.00 13.25
2-Week 12.00 13.00 12.50 13.50 12.75
1-Month 12.00 12.75 12.75 13.25 12.69
2-Months 11.75 13.00 12.25 13.25 12.56
3-Months 12.25 13.50 12.75 13.75 13.06
4-Months 12.50 13.50 13.00 14.00 13.25
5-Months 12.75 13.75 13.25 14.00 13.44
6-Months 12.90 13.75 13.25 14.10 13.50
9-Months 13.50 14.00 13.75 14.25 13.88
1-Year 13.75 14.25 14.00 14.50 14.13
=================================================================