Declining trend was seen on the inter-bank market on Wednesday as the rupee lost six paisa against dollar for buying at Rs 80.54 and shed four paisa for selling at 80.56 in process of range-bound trading, money viewers said. It was balanced demand and supply of dollar which enabled the rupee not to move sharply versus the US currency, they said.
In the third Asian trading US dollar and yen fell as risk aversion subsided slightly, lifting high-yielding currencies, though many were cautious ahead of US gross domestic product data and a Federal Reserve meeting. Trading was light in Asia with Tokyo shut for a local holiday. Selling in yen, however, picked up with the euro rebounding from six-week lows against the Japanese currency and the Aussie recovering strongly from a one-month low.
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Open Buying Rs 80.70
Open Selling Rs 80.85
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Buying Rs 80.54
Selling Rs 80.56
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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 12.25 13.50 12.75 13.75 13.06
1-Week 12.50 12.90 12.75 13.00 12.79
2-Week 12.60 12.90 12.90 13.10 12.88
1-Month 12.60 12.80 12.90 13.00 12.83
2-Months 12.60 12.75 12.75 13.00 12.78
3-Months 12.60 12.85 12.75 13.00 12.80
4-Months 12.65 12.85 12.90 13.00 12.85
5-Months 12.65 12.90 12.95 13.10 12.90
6-Months 12.65 13.00 12.95 13.10 12.93
9-Months 12.75 13.00 13.00 13.10 12.96
1-Year 12.85 13.10 13.00 13.15 13.03
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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 12.50 13.75 12.75 13.90 13.23
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 12.80 13.25 13.00 13.40 13.11
2-Months 12.85 13.25 13.10 13.40 13.15
3-Months 12.90 13.30 13.10 13.45 13.19
4-Months 13.00 13.30 13.20 13.50 13.25
5-Months 13.10 13.30 13.20 13.50 13.28
6-Months 13.25 13.40 13.30 13.50 13.36
9-Months 13.30 13.40 13.35 13.55 13.40
1-Year 13.30 13.40 13.35 13.60 13.41
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On the contrary, the rupee slid against pound sterling. The pound's buying and selling rates improved from Tuesday's Rs 117.00 and Rs 118.00 to Rs 118.00 and Rs 119.00, respectively, dealers added.
Pound sterling opened at Rs 118 (buying) and Rs 119 (selling) against last rate of Rs 116.40 (buying) and Rs 117.40 (selling). It did not observe further change in the second session and closed at Rs 118 (buying) and Rs 119 (selling).