The rupee was in a commanding position as it posted fresh gains of 12 paisa versus dollar in a single day rally on the interbank market on Friday for buying and selling at 83.55 and 83.60, dealers said. In the final Asian trade dollar sat tight as investors held off taking new positions before a US jobs report likely to signal the strength of economic recovery, while the Australian dollar firmed after its central bank foresaw gradual rate rises.
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Open Buying Rs 83.90
Open Selling Rs 84.00
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Buying Rs 83.55
Selling Rs 83.60
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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 10.75 12.30 11.00 12.50 11.64
1-Week 11.90 12.25 12.20 12.35 12.18
2-Week 12.00 12.25 12.25 12.40 12.23
1-Month 12.10 12.30 12.25 12.40 12.26
2-Months 12.10 12.35 12.30 12.45 12.30
3-Months 12.00 12.30 12.25 12.40 12.24
4-Months 12.00 12.30 12.25 12.40 12.24
5-Months 11.90 12.25 12.20 12.35 12.18
6-Months 11.90 12.25 12.20 12.30 12.16
9-Months 11.90 12.25 12.20 12.30 12.16
1-Year 11.90 12.20 12.20 12.30 12.15
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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 12.25 12.80 12.30 12.90 12.56
1-Week 12.10 12.40 12.30 12.45 12.31
2-Week 12.10 12.35 12.30 12.40 12.29
1-Month 12.25 12.45 12.45 12.50 12.41
2-Months 12.30 12.60 12.45 12.75 12.53
3-Months 12.30 12.60 12.45 12.75 12.53
4-Months 12.35 12.65 12.50 12.75 12.56
5-Months 12.40 12.70 12.50 12.85 12.61
6-Months 12.45 12.70 12.50 12.85 12.63
9-Months 12.45 12.75 12.55 12.90 12.66
1-Year 12.45 12.80 12.75 13.00 12.75
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The dollar kept on sliding down during the day and finally finished at Rs 83.80 and Rs 84.10, as its buying and selling rates against the overnight closing of Rs 83.90 and Rs 84.20, respectively, the currency dealers said. On the contrary, the rupee remained under pressure and continued downward slide against the pound sterling. The pound was purchased and sold at Rs 137.20 and Rs 138.00, as compared to Thursday closing of Rs 136.50 and Rs 137.80, respectively, the dealers said.
Pound Sterling opened at Rs 138.00 (buying) and Rs 138.20 (selling) against the previous rate. British currency did not observe further change in the evening session and closed at Rs 138.00 (buying) and Rs 138.20 (selling).