THE RUPEE: dollar slightly down

09 May, 2009

The rupee inched up with a gain of three paisa against dollar for buying and selling at 80.42 and 80.44, experts said on the interbank market on Friday. Rising trend in inflows, helped the rupee to look ahead versus dollar, currency viewers said.
On the fifth Asian session dollar gained broadly on Friday as investors turned their attention to a jobs report due later in the day for clues about the health of the US economy, after bank stress test results removed a major uncertainty in financial markets.
The pound retreated from a four-month high against dollar and the euro fell from a one-month peak versus the greenback both struck the previous day as traders reduced dollar-short positions ahead of US payrolls data.


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Open Buying Rs 80.55
Open Selling Rs 80.75
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Buying Rs 80.42
Selling Rs 80.44
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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 2.00 12.75 3.00 13.00 7.69
1-Week 11.00 12.75 12.00 12.90 12.16
2-Week 12.00 12.90 12.50 13.00 12.60
1-Month 12.40 12.90 12.75 13.00 12.76
2-Months 12.60 12.95 12.90 13.05 12.88
3-Months 12.65 12.95 12.90 13.10 12.90
4-Months 12.65 13.00 12.95 13.10 12.93
5-Months 12.70 13.00 13.00 13.10 12.95
6-Months 12.75 13.05 13.00 13.10 12.98
9-Months 12.75 13.05 13.05 13.15 13.00
1-Year 12.85 13.10 13.10 13.15 13.05
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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 3.00 13.00 4.00 13.25 8.31
1-Week 12.75 13.25 13.00 13.40 13.10
2-Week 12.80 13.25 13.00 13.35 13.10
1-Month 12.90 13.30 13.10 13.35 13.16
2-Months 12.90 13.30 13.10 13.40 13.18
3-Months 12.90 13.35 13.15 13.40 13.20
4-Months 13.00 13.35 13.15 13.45 13.24
5-Months 13.10 13.30 13.20 13.45 13.26
6-Months 13.15 13.40 13.25 13.50 13.33
9-Months 13.25 13.45 13.40 13.50 13.40
1-Year 13.30 13.50 13.45 13.60 13.46
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However, the rupee showed strength and recovered some of its earlier loss against the pound sterling. The pound could not sustain and slide down to Rs 120.00 and Rs 121.00 as compared to Thursday closing of Rs 120.50 and Rs 121.50 on buying and selling sides, the dealers added.

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