The rupee moved both ways on the currency market on Thursday amid rising demand for the greenback, money analysts said. On the interbank market the rupee fell by 13 paisa against dollar for buying and selling at 82.88 and 82.93, experts said.
In the fourth Asian trading yen rose broadly as investors fretted that a rally in risk assets since March may have run ahead of a recovery in the global economy and on worries about the outlook for Chinese shares.
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Open Buying Rs 82.70
Open Selling Rs.82.80
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Buying Rs.82.88
Selling Rs.82.93
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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 11.75 12.25 12.00 12.50 12.13
1-Week 11.75 12.10 12.00 12.25 12.03
2-Week 11.60 12.10 12.00 12.25 11.99
1-Month 11.60 12.20 12.10 12.30 12.05
2-Months 11.60 12.20 12.10 12.30 12.05
3-Months 11.65 12.15 12.10 12.25 12.04
4-Months 11.70 12.15 12.15 12.25 12.06
5-Months 11.75 12.15 12.15 12.25 12.08
6-Months 11.80 12.20 12.20 12.30 12.13
9-Months 11.85 12.25 12.25 12.30 12.16
1-Year 11.90 12.25 12.25 12.35 12.19
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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 12.00 12.40 12.25 12.50 12.29
1-Week 12.00 12.30 12.25 12.50 12.26
2-Week 12.00 12.25 12.25 12.40 12.23
1-Month 12.00 12.30 12.30 12.50 12.28
2-Months 12.10 12.35 12.30 12.50 12.31
3-Months 12.25 12.40 12.35 12.50 12.38
4-Months 12.25 12.40 12.40 12.55 12.40
5-Months 12.35 12.50 12.40 12.60 12.46
6-Months 12.40 12.60 12.50 12.70 12.55
9-Months 12.40 12.60 12.50 12.75 12.56
1-Year 12.45 12.65 12.60 12.75 12.61
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The currency dealers stated that there was no visible change in dollar's demand and supply situation that helped rupee stability in the open market. The dollar was traded at Rs 82.60 and Rs 82.90 against the Wednesday closing of Rs 82.60 and Rs 82.95 on buying and selling sides, respectively, the dealers said.
Similarly, the rupee maintained upward slide and further appreciated against the pound sterling. At the end of trading, the pound's buying and selling rates were declined to 133.20 and Rs 134.50, as compared to previous closing of Rs 134.00 and Rs 135.00, respectively, the dealers added.