Falling trend persisted on the interbank market on Wednesday as the rupee drifted lower by five paisa in terms of dollar for buying and selling at 81.05 and 81.10, dealers said. Persisting demand for dollars is the main factor, which is continuously keeping the rupee under pressure, they said.
The rupee is shedding its lustre on the interbank market versus dollar and it may expand its decline till the end of fiscal year 2008-09, they said. Amid third Asian trade dollar was steady against a basket of currencies after sliding the previous day when investors questioned whether the economy had improved enough to justify talk of a Federal Reserve rate hike by the year-end. The dollar rose against yen as traders cited regional players actively covering short positions with Asian shares extending gains in early afternoon trade.
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Open Buying Rs 80.95
Open Selling Rs 81.15
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Buying Rs 81.05
Selling Rs 81.10
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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 4.50 10.00 5.00 10.50 7.50
1-Week 10.25 11.25 11.50 11.75 11.19
2-Week 11.00 12.00 12.00 12.50 11.88
1-Month 12.00 12.50 12.75 13.00 12.56
2-Months 12.25 13.00 13.20 13.30 12.94
3-Months 12.30 13.00 13.20 13.30 12.95
4-Months 12.30 13.15 13.20 13.30 12.99
5-Months 12.30 13.15 13.10 13.30 12.96
6-Months 12.35 13.20 13.20 13.30 13.01
9-Months 12.75 13.20 13.25 13.30 13.13
1-Year 12.75 13.25 13.25 13.30 13.14
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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 5.50 10.00 6.00 10.50 8.00
1-Week 11.25 12.00 11.75 12.25 11.81
2-Week 11.75 12.50 12.25 12.75 12.31
1-Month 13.00 13.25 13.50 14.00 13.44
2-Months 13.25 13.50 13.60 14.00 13.59
3-Months 13.25 13.60 13.50 13.75 13.53
4-Months 13.25 13.65 13.50 13.75 13.54
5-Months 13.30 13.75 13.50 13.85 13.60
6-Months 13.35 13.75 13.50 13.80 13.60
9-Months 13.40 13.75 13.50 13.80 13.61
1-Year 13.40 13.75 13.50 13.90 13.64
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