Some erratic movements were witnessed on the currency market on Tuesday as rates moved both ways, dealers said. On interbank market, the rupee maintained its parity with dollar for buying at 80.53 but was lower by two paisa for selling at 80.58, they said.
This situation was attributed to the balanced demand and supply position and a bit of slackness in international trade because of the recession the world over, money experts said. Meanwhile, on Asian markets yen and dollar rose as renewed nervousness about banks' health stalled a rally in riskier assets, but the Australian dollar climbed after its central bank opted for a modest rate cut.
With many Asian stock markets in the red after a fall on Wall Street on Monday, yen and dollar benefited as investors took defensive positions and pocketed profits from a recent run higher in the euro and higher yielding currencies.
But the Australian dollar rose against the greenback after the Reserve Bank of Australia, in a much-awaited decision, cut its key cash rate by 25 basis points to a record low of 3.0 percent, less than some had wagered. The euro fell 0.8 percent to 134.50 yen, after touching 137.42 yen on Monday.

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Buying                Rs 80.53
Selling               Rs 80.58
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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    14.00     14.90      14.25       14.90         14.51
1-Week       13.00     13.50      13.50       13.75         13.44
2-Week       12.75     13.00      13.00       13.25         13.00
1-Month      12.25     12.60      12.50       12.75         12.53
2-Months     11.70     12.00      11.90       12.10         11.93
3-Months     11.70     12.00      11.90       12.20         11.95
4-Months     11.75     12.10      12.00       12.20         12.01
5-Months     11.90     12.10      12.10       12.25         12.09
6-Months     11.90     12.15      12.10       12.25         12.10
9-Months     12.00     12.25      12.20       12.30         12.19
1-Year       12.00     12.25      12.25       12.40         12.23
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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    14.25     14.90      14.50       15.00         14.66
1-Week       13.50     14.00      13.75       14.50         13.94
2-Week       13.00     13.50      13.25       13.75         13.38
1-Month      12.90     13.25      13.25       13.50         13.23
2-Months     12.75     13.25      13.25       13.50         13.19
3-Months     12.75     13.30      13.25       13.60         13.23
4-Months     12.90     13.35      13.30       13.45         13.25
5-Months     13.00     13.50      13.40       13.60         13.38
6-Months     13.00     13.60      13.50       13.75         13.46
9-Months     13.20     13.75      13.50       14.00         13.61
1-Year       13.30     13.75      13.40       14.00         13.61
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