THE RUPEE: dollar selling at 84.10

03 Nov, 2009

The rupee did not move sharply against dollar on the interbank market on Monday for buying and selling at 83.70 and 83.74.On the open market it crossed 84 mark at 84.10 for selling, dealers said. The rupee managed to retain its weekend levels versus the greenback due to easy supply of dollars, they said.
In first Asian trade yen reversed steep early gains and slid in choppy trade as market players bought the Australian dollar against the Japanese currency ahead of an expected rate hike in Australia this week. The yen advanced broadly in early Asian trade, touching its highest levels in several weeks, after exceptionally low trade in forex margin deals on the South African rand against yen, which triggered a knock-on fall in cross yen pairs.


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Buying Rs 83.70
Selling Rs 83.74
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Open Buying Rs 84.00
Open Selling Rs.84.10
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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 10.50 12.25 10.75 12.40 11.48
1-Week 11.80 12.25 12.10 12.35 12.13
2-Week 12.00 12.35 12.20 12.40 12.24
1-Month 12.00 12.40 12.20 12.45 12.26
2-Months 12.10 12.35 12.30 12.40 12.29
3-Months 12.15 12.40 12.30 12.45 12.33
4-Months 12.15 12.40 12.35 12.45 12.34
5-Months 12.15 12.40 12.35 12.45 12.34
6-Months 12.15 12.40 12.35 12.45 12.34
9-Months 12.25 12.45 12.35 12.50 12.39
1-Year 12.25 12.45 12.35 12.50 12.39
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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 10.75 12.40 11.00 12.50 11.66
1-Week 12.00 12.40 12.20 12.50 12.28
2-Week 12.10 12.40 12.35 12.50 12.34
1-Month 12.25 12.45 12.45 12.60 12.44
2-Months 12.30 12.65 12.45 12.75 12.54
3-Months 12.30 12.80 12.45 12.90 12.61
4-Months 12.35 12.80 12.60 12.90 12.66
5-Months 12.40 12.85 12.60 12.90 12.69
6-Months 12.45 12.90 12.60 13.00 12.74
9-Months 12.45 12.90 12.65 13.10 12.78
1-Year 12.45 12.90 12.70 13.25 12.83
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However, the rupee showed strength and appreciated its worth against the British pound. The pound was slide down from last week closing of Rs 136.30 and Rs 137.50 to Rs 136.00 and Rs 137.00 on buying and selling sides, respectively, the dealers said.

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