The rupee continued weak against dollar on the interbank market on Wednesday, sliding 16 paisa for buying at 84.50 and it also fell by 17 paisa for selling at 85.55, dealers said. Persistent fall in the rupee's value is giving an impression that the national currency may continue its slide versus the US currency, they said.
In the third Asian trade dollar held near a two-month high on euro as investors waited to see if the Federal Reserve would offer hints on when tightening might start, while the Australian dollar fell as expectations of aggressive hikes faltered.
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Open Buying Rs 84.50
Open Selling Rs.84.60
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Buying Rs.84.50
Selling Rs.84.55
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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 12.15 12.40 12.25 12.40 12.30
1-Week 12.00 12.10 12.15 12.20 12.11
2-Week 12.00 12.00 12.10 12.15 12.06
1-Month 11.95 12.05 12.10 12.15 12.06
2-Months 11.80 12.00 12.00 12.15 11.99
3-Months 11.80 12.10 11.90 12.15 11.99
4-Months 11.85 12.10 12.00 12.15 12.03
5-Months 11.90 12.05 12.00 12.15 12.03
6-Months 11.90 12.10 12.00 12.15 12.04
9-Months 11.90 12.10 12.00 12.15 12.04
1-Year 11.90 12.10 12.10 12.20 12.08
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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 12.15 12.40 12.20 12.40 12.29
1-Week 12.10 12.25 12.15 12.30 12.20
2-Week 12.00 12.15 12.10 12.25 12.13
1-Month 12.00 12.25 12.15 12.30 12.18
2-Months 12.00 12.25 12.15 12.30 12.18
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
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The opening rates continued to prevail throughout the day in the absence of fresh demand, the currency dealers said. However, the rupee could not get out of the pressure and further declined against the pound sterling. The pound's buying and selling rates were further improved to Rs 137.20 and Rs 138.20, as compared to last closing of Rs 137.00 and Rs 138.00, respectively, the dealers added.
Pound Sterling opened at Rs 135.60 (buying) and Rs 135.90 (selling) against the rate of Rs 135.50 (buying) and Rs 135.80 (selling). It did not observe any further change in the second session and closed at Rs 135.60 (buying) and Rs 135.90 (selling).