No sharp fluctuations were seen in the rupee-dollar official parity rate on the currency market on Wednesday, dealers said. The rupee managed to move in a narrow band on the interbank, depicting one paisa gain versus dollar for buying at 80.59 and it also appreciated by two paisa for selling at 80.61 in process of trading, they said.
The feature of the day was no big difference was witnessed in official and open market rate, they said. On the interbank market the rupee continued its fall shedding five paisa in relation to the dollar for buying at 80.60 and it also lost 3 paisa for selling at 80.63, they said.
In the third Asian trading yen rose across the board on Wednesday as a rebound in the euro and commodity currencies faded, with the market on watch for clues about the health of the banking system as a key to longer-term direction. The currency market is highly volatile at the moment, reversing steep moves from one day to the next, and euro gained on Tuesday as an improvement in German investor confidence lifted stock markets and helped commodity currencies higher.
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Open Buying Rs 80.60
Open Selling Rs 80.70
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Buying Rs 80.59
Selling Rs 80.61
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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 9.50 11.50 9.75 12.00 10.69
1-Week 12.25 12.50 12.50 12.75 12.50
2-Week 12.50 12.75 12.75 12.90 12.73
1-Month 12.65 12.90 12.80 13.00 12.84
2-Months 12.50 12.75 12.75 12.90 12.73
3-Months 12.50 12.85 12.90 13.10 12.84
4-Months 12.60 12.85 12.90 13.10 12.86
5-Months 12.75 13.00 13.00 13.20 12.99
6-Months 12.80 13.00 13.00 13.25 13.01
9-Months 12.90 13.10 13.10 13.25 13.09
1-Year 13.00 13.10 13.10 13.25 13.11
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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 10.00 11.75 10.50 12.00 11.06
1-Week 12.75 13.25 13.00 13.50 13.13
2-Week 12.75 13.25 13.00 13.50 13.13
1-Month 12.90 13.30 13.10 13.40 13.18
2-Months 12.90 13.30 13.25 13.50 13.24
3-Months 13.00 13.30 13.25 13.50 13.26
4-Months 13.00 13.35 13.25 13.50 13.28
5-Months 13.10 13.25 13.25 13.60 13.30
6-Months 13.25 13.50 13.50 13.60 13.46
9-Months 13.30 13.50 13.50 13.65 13.49
1-Year 13.40 13.55 13.55 13.70 13.55
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