Firmness prevailed on the currency market on Saturday as the rupee retained its overnight level against dollar for buying at 80.50 while it inched up after gaining three paisa for selling at 80.52, dealers said. The rupee managed to hold its level as supply of dollars was enough to meet the rising demand by the importers, they said.
At the week-end, the dollar rebounded in the NY trade, but still recorded its biggest weekly slide since 1985 as the Federal Reserves plans to buy long-term government debt stoked fear about the erosion of the US currency. The Fed shocked financial markets this week when it said it would buy some $1 trillion of government and mortgage-backed debt in a bid to cut interest rates and kick-start lending.
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Open Buying Rs 80.30
Open Selling Rs 80.60
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Buying Rs 80.50
Selling Rs 80.52
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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 3.00 13.25 4.00 13.50 8.44
1-Week 10.50 11.50 11.00 12.00 11.25
2-Week 11.50 11.75 11.75 12.00 11.75
1-Month 11.75 12.00 12.00 12.20 11.99
2-Months 11.25 11.40 11.40 11.50 11.39
3-Months 11.25 11.50 11.40 11.60 11.44
4-Months 11.30 11.50 11.45 11.65 11.48
5-Months 11.40 11.60 11.50 11.70 11.55
6-Months 11.45 11.60 11.55 11.70 11.58
9-Months 11.50 11.65 11.60 11.75 11.63
1-Year 11.50 11.65 11.60 11.75 11.63
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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 4.00 13.50 5.00 14.00 9.13
1-Week 11.00 12.50 11.50 13.00 12.00
2-Week 12.00 13.00 12.50 13.50 12.75
1-Month 12.00 12.75 12.50 13.00 12.56
2-Months 12.10 12.75 12.50 13.00 12.59
3-Months 12.10 13.00 12.25 13.25 12.65
4-Months 12.25 13.00 12.50 13.25 12.75
5-Months 12.50 13.25 12.75 13.50 13.00
6-Months 12.75 13.50 13.00 13.75 13.25
9-Months 12.75 13.75 13.00 14.00 13.38
1-Year 13.00 13.75 13.25 14.00 13.50
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