THE RUPEE: no major change

25 Nov, 2009

Firmness prevailed on the money market on Tuesday as supply of dollars was steady due to healthier trend in the remittances, dealers said. On the interbank market the rupee dropped by two paisa against dollar for buying at 83.52, it did not show any movement for selling at 83.55, they observed.
In the second Asian trade dollar trimmed losses as Asian stocks failed to follow up a stronger day on Wall Street, prompting some to buy the dollar back, and as some investors closed dollar short-positions before the Thanksgiving holiday. Tokyo markets were playing catch-up after a three-day weekend and yen crosses slipped as Japanese exporters sold euro against yen and hedge funds took profits on gains in the likes of the Australian and New Zealand dollars made on Monday, dealers said.


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Open Buying Rs 83.40
Open Selling Rs.83.50
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Buying Rs.83.52
Selling Rs.83.55
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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 12.25 12.50 12.30 12.60 12.41
1-Week 12.25 12.40 12.35 12.50 12.38
2-Week 12.25 12.35 12.35 12.40 12.34
1-Month 12.20 12.30 12.30 12.40 12.30
2-Months 12.15 12.35 12.30 12.40 12.30
3-Months 12.10 12.30 12.30 12.35 12.26
4-Months 12.10 12.30 12.30 12.35 12.26
5-Months 12.10 12.30 12.25 12.35 12.25
6-Months 12.00 12.30 12.25 12.35 12.23
9-Months 12.00 12.40 12.30 12.40 12.28
1-Year 12.00 12.40 12.30 12.40 12.28
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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 12.50 12.40 12.65 12.45
1-Week 12.20 12.50 12.35 12.50 12.39
2-Week 12.20 12.50 12.40 12.55 12.41
1-Month 12.25 12.50 12.45 12.60 12.45
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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Pound sterling opened at Rs 137.50 (buying) and Rs 137.70 (selling) against same previous rate. It did not observe further change in the evening session and closed at Rs 137.50 (buying) and Rs 137.70 (selling).

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