Bullish trend persisted on the currency market on Saturday as the rupee looked ahead due to expectations of high inflows, dealers said. On the interbank market the rupee jumped and gained 10 paisa in a single day rally against the dollar for buying and selling at 80.34 and 80.37, they said.
Good supply of dollars helped the rupee to maintain its present position and it is most likely that the local currency may hold its firmness for the near future, they said. At the weekend, in the New York market the US dollar touched a one-month high against euro after comments from European Central Bank President Jean-Claude Trichet left investors uncertain about the bank's future policy path.
The dollar was also boosted by a slight rise in risk aversion despite a smaller-than-expected loss from Citigroup as investors reassessed the sustainability of the recent spate of more upbeat results.
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Open Buying Rs 80.60
Open Selling Rs 80.70
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Buying Rs 80.34
Selling Rs 80.37
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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 11.00 14.00 11.50 14.50 12.75
1-Week 12.75 13.00 13.00 13.20 12.99
2-Week 12.75 13.00 13.00 13.25 13.00
1-Month 12.75 13.00 13.00 13.20 12.99
2-Months 12.75 13.00 12.90 13.20 12.96
3-Months 12.75 13.10 13.00 13.20 13.01
4-Months 12.80 13.10 13.00 13.25 13.04
5-Months 12.90 13.15 13.10 13.30 13.11
6-Months 12.90 13.15 13.15 13.30 13.13
9-Months 13.00 13.20 13.20 13.30 13.18
1-Year 13.05 13.20 13.20 13.35 13.20
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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 12.00 14.25 13.00 14.50 13.44
1-Week 13.00 13.50 13.25 13.75 13.38
2-Week 12.75 13.25 13.10 13.50 13.15
1-Month 13.00 13.50 13.25 13.75 13.38
2-Months 13.20 13.75 13.50 13.90 13.59
3-Months 13.20 13.75 13.60 13.90 13.61
4-Months 13.25 13.50 13.40 13.75 13.48
5-Months 13.25 13.50 13.50 13.75 13.50
6-Months 13.30 13.60 13.50 13.75 13.54
9-Months 13.35 13.75 13.50 14.00 13.65
1-Year 13.50 13.75 13.60 14.00 13.71
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