Rates moved both ways on the local currency market on Thursday, dealers said. On the interbank market the rupee managed to recover 12 paisa against dollar for buying and selling at 84.50 and 84.55, they said. In the fourth Asian trade euro hit a five-month low on dollar on Thursday, as its sell-off on chart triggers and fiscal worries extended, while the Australian dollar held its ground as Chinese growth quickened but the risk of tighter policy also grew.
China has hogged the limelight this week as fears that it will tighten credit and monetary policy drove investors to sell currencies leveraged to growth, like the Australian, New Zealand and Canadian dollars.
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Buying Rs 84.50
Selling Rs.84.55
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Open Buying Rs.85.55
Open Selling Rs.85.65
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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 9.50 12.00 9.55 12.20 10.81
1-Week 10.75 11.60 11.25 11.80 11.35
2-Week 11.25 11.75 11.60 11.90 11.63
1-Month 11.50 11.90 11.75 12.00 11.79
2-Months 11.60 11.90 11.90 12.00 11.85
3-Months 11.75 11.95 11.95 12.05 11.93
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
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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 9.50 12.00 9.60 12.25 10.84
1-Week 11.00 11.90 11.50 12.10 11.63
2-Week 11.50 12.00 11.90 12.10 11.88
1-Month 11.65 12.10 12.00 12.20 11.99
2-Months 11.90 12.15 12.10 12.25 12.10
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
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Similarly, the rupee maintained upward slide and further appreciated its value against the pound sterling. The pound was purchased and sold at Rs 137.30 and Rs 138.60, as compared to Wednesday closing of Rs 138.30 and Rs 139.20, respectively, the dealers said.
Pound Sterling opened at Rs 138.00 (buying) and Rs 138.10 (selling) against the last rate. It did not observe further fluctuation in the last trading hours and closed at Rs 138.00 (buying) and Rs 138.10 (selling).