Range-bound trading was seen on the interbank market on Saturday as the rupee shed two paisa against dollar for buying at 80.58 while it retained its previous level at 80.60, experts said. In fact the rupee is firm on improved supply of dollar and it is expected that the rupee might be able to maintain its firmness in the days to come, they said.
In the New York market the US dollar and yen fell as increasing risk appetite sparked by better-than-expected US economic data pared demand for both currencies as a refuge against the global slowdown. The dollar fell for a fourth straight session versus euro, while yen dropped to a two-week low against both the euro and dollar, with volumes thin given the May Day holiday in Europe. Higher-yielding currencies such as the Australian and New Zealand dollars were some of the biggest movers on the day, moving in tandem with higher US stocks.
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Open Buying Rs 80.65
Open Selling Rs 80.75
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Buying Rs 80.58
Selling Rs 80.60
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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 12.50 13.75 13.00
1-Week 12.60 13.00 12.80 13.10 12.88
2-Week 12.65 12.90 12.90 13.00 12.86
1-Month 12.60 12.80 12.75 12.95 12.78
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 12.70 12.85 12.90 13.00 12.86
5-Months 12.70 12.90 12.95 13.10 12.91
6-Months 12.70 13.00 12.95 13.10 12.94
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 13.00 13.75 13.25 13.90 13.48
1-Week 12.75 13.25 13.00 13.50 13.13
2-Week 12.80 13.25 13.00 13.50 13.14
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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