Strong demand for dollars, pushed the rupee sharply lower on the currency market on Tuesday, dealers said. On the interbank market the rupee fell steeply against the dollar for buying and selling at 84.60 and 84.65, they said.
In the second session of Asian trade euro fell to a four-month low against sterling on Tuesday but signs that China is stepping up quantitative tightening helped it recover from a two-year trough versus the Aussie, with investors trimming positions in riskier assets such as growth-linked currencies.
Sterling hit a six-week high against dollar, drawing strength after reports that US-based Kraft Foods Inc and Britain's Cadbury Plc were arranging a $19 billion deal to create the world's largest confectionery group, traders said.

==============================
Buying                Rs 84.60
Selling               Rs.84.65
==============================

==============================
Open Buying           Rs.85.45
Open Selling          Rs.85.55
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor      Low Bid   High Bid   Low Offer   High Offer    Average
=================================================================
Overnight    12.25     12.40       12.30       12.40        12.34
1-Week       11.75     12.00       12.00       12.20        11.99
2-Week       11.70     12.00       11.95       12.10        11.94
1-Month      11.75     12.00       12.00       12.10        11.96
2-Months     11.75     11.95       11.95       12.05        11.93
3-Months     11.80     11.95       12.00       12.05        11.95
4-Months     11.85     12.00       12.00       12.10        11.99
5-Months     11.85     12.00       12.00       12.10        11.99
6-Months     11.90     12.05       12.05       12.15        12.04
9-Months     11.90     12.05       12.05       12.15        12.04
1-Year       11.95     12.05       12.05       12.15        12.05
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor      Low Bid   High Bid   Low Offer   High Offer    Average
=================================================================
Overnight    12.25     12.45       12.40       12.50        12.40
1-Week       12.00     12.25       12.10       12.30        12.16
2-Week       12.00     12.15       12.10       12.25        12.13
1-Month      12.00     12.15       12.15       12.20        12.13
2-Months     12.00     12.15       12.10       12.25        12.13
3-Months     12.00     12.25       12.15       12.30        12.18
4-Months     12.15     12.25       12.20       12.30        12.23
5-Months     12.15     12.30       12.20       12.35        12.25
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
=================================================================