The rupee managed to hold the firmness against dollar on the currency market on Tuesday, dealers said. On the interbank market the rupee shed one paisa against dollar for buying at 83.56 while, it did not move any side for selling at 83.60, they observed. In the second session of Asian trade yen fell across the board after the Bank of Japan (BOJ) said it would hold an extraordinary policy meeting, with the market speculating it was readying to take steps to support the economy.
The market is also waiting to see if Australia's central bank opts to raise interest rates for the third month running or holds off and keep rates steady at 3.5 percent.
==============================
Open Buying Rs 83.50
Open Selling Rs 83.60
==============================
==============================
Buying Rs 83.56
Selling Rs 83.60
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 11.75 12.30 12.00 12.40 12.11
1-Week 11.75 12.00 11.90 12.10 11.94
2-Week 11.75 12.00 11.90 12.10 11.94
1-Month 11.80 12.00 12.00 12.10 11.98
2-Months 11.80 12.10 12.05 12.20 12.04
3-Months 11.80 12.10 12.05 12.20 12.04
4-Months 11.80 12.10 12.10 12.20 12.05
5-Months 11.80 12.05 12.00 12.15 12.00
6-Months 11.75 12.05 12.00 12.15 11.99
9-Months 11.75 12.00 12.00 12.15 11.98
1-Year 11.90 12.10 12.10 12.20 12.08
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 11.00 12.30 11.30 12.45 11.76
1-Week 11.80 12.10 12.00 12.20 12.03
2-Week 11.80 12.15 12.00 12.25 12.05
1-Month 11.85 12.20 12.10 12.25 12.10
2-Months 12.00 12.20 12.10 12.25 12.14
3-Months 12.00 12.25 12.15 12.30 12.18
4-Months 12.10 12.25 12.15 12.30 12.20
5-Months 12.10 12.30 12.20 12.35 12.24
6-Months 12.15 12.30 12.25 12.35 12.26
9-Months 12.15 12.40 12.35 12.45 12.34
1-Year 12.25 12.45 12.40 12.50 12.40
=================================================================
However, the rupee recovered some its earlier loss and appreciated its worth against the pound sterling. The pound was purchased and sold at Rs 136.50 and Rs 137.50, as compared to previous week closing of Rs 137.50 and Rs 138.00, respectively, the dealers added.
Pound Sterling opened at Rs 135.20 (buying) and Rs 135.30 (selling) against the rate of Rs 134.20 (buying) and Rs 134.40 (selling). It did not observe further change in the evening session and closed at Rs 135.20 (buying) and Rs 135.30 (selling).