THE RUPEE: mixed pattern seen

26 Mar, 2009

The rupee rates moved both ways on the currency market on Wednesday amid higher demand for dollars by importers, dealers said. On the interbank market the rupee lost eight paisa at 80.58 in relation to dollar for buying, it also shed seven paisa for selling at 80.62, they said. During the third session of the week in Asia yen rose recovering after hitting a five month low against euro the previous day as Japanese investors repatriated funds before the fiscal year-end.
The dollar also edged up against euro but gains were limited due to continued worries about the US Federal Reserves quantitative easing programme, which includes buying US government debt, as well as waning optimism about a US plan to mop up banks toxic assets.


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Open Buying Rs 80.20
Open Selling Rs 80.60
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Buying Rs 80.58
Selling Rs 80.62
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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 11.25 3.50 11.75 7.38
1-Week 11.00 11.25 11.25 11.50 11.25
2-Week 11.25 11.75 11.50 12.00 11.63
1-Month 11.25 11.60 11.75 12.00 11.65
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 12.00 5.00 13.00 8.50
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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