Slight improvement in the supply of dollars strengthened the rupee versus dollar on the local currency market on Tuesday, dealers said. The rupee appreciated by 17 paisa against dollar on the interbank market for buying and selling at 84.90 and 84.95, they said.
During the second Asian session dollar steadied on Tuesday after falling away from six-month highs on a basket of currencies, while the Australian dollar retained broad gains ahead of a widely expected interest rate hike later in the day.
The yen was broadly lower as risk appetite improved just a little after strong US manufacturing data which helped Wall Street regain some ground and Asian shares followed suit.
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Buying Rs 84.90
Selling Rs 84.95
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Open Buying Rs.86.10
Open Selling Rs.86.20
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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 9.90 11.90 10.00 12.00 10.95
1-Week 10.85 11.75 11.40 11.85 11.46
2-Week 11.25 11.80 11.70 11.85 11.65
1-Month 11.50 11.90 11.85 11.95 11.80
2-Months 11.70 11.90 11.85 12.00 11.86
3-Months 11.75 11.95 11.95 12.00 11.91
4-Months 11.80 12.00 12.00 12.10 11.98
5-Months 11.80 12.00 12.00 12.10 11.98
6-Months 11.80 12.00 12.00 12.10 11.98
9-Months 11.85 12.00 11.95 12.15 11.99
1-Year 11.90 12.00 12.00 12.10 12.00
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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 10.00 11.90 10.10 12.00 11.00
1-Week 11.00 11.90 11.50 12.00 11.60
2-Week 11.50 11.90 11.85 12.00 11.81
1-Month 11.80 12.00 11.95 12.10 11.96
2-Months 11.90 12.10 12.10 12.20 12.08
3-Months 11.95 12.20 12.10 12.25 12.13
4-Months 12.00 12.20 12.15 12.25 12.15
5-Months 12.00 12.25 12.10 12.30 12.16
6-Months 12.00 12.25 12.15 12.30 12.18
9-Months 12.10 12.25 12.20 12.30 12.21
1-Year 12.15 12.30 12.25 12.40 12.28
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According to dealers, the dollar closed higher at Rs 86.30 and Rs 86.60 as its buying and selling rates against Monday's Rs 86.10 and Rs 86.50, respectively.
However, the rupee remained unchanged against pound amid low trading. The pound was traded at overnight Rs 137.20 and Rs 138.00 on buying and selling sides, respectively, dealers said.
The dollar opened at Rs 86.20 (buying) and Rs 86.30 (selling) against the rate of Rs 86.00 (buying) and Rs 86.10 (selling). It did not observe further change in the evening session and closed at Rs 86.20 (buying) and Rs 86.30 (selling).
Pound Sterling opened at Rs 134.00 (buying) and Rs 135.00 (selling) against the last rate of Rs 138.00 (buying) and Rs 138.20 (selling). It did not observe further change in the evening spell and closed at Rs 134.00 (buying) and Rs 135.00 (selling).