Bulls dominated on the currency market on Thursday as the rupee posted fresh gains due to slight improvement in the supply of the greenback, exports said. On the interbank market the rupee recovered more 10 paisa versus dollar for buying at 84.90 and gained 11 paisa for selling at 84.94 in process of trading, they said.
During the fourth Asian trade euro eased against dollar on Thursday ahead of a European Central Bank meeting but retained some support as investors encouraged by Greece's latest austerity measures cut some of their record short positions in the single currency. The euro was dragged down by its fall against yen as short-term players sold higher-yielding currencies after Asian stocks faltered and prompted investors to trim riskier positions, traders said. That move also pushed dollar to a three-month low against yen.
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Buying Rs 84.90
Selling Rs 84.94
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Open Buying Rs 84.90
Open Selling Rs 85.10
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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 10.25 11.90 10.75 12.00 11.23
1-Week 11.20 11.75 11.60 11.90 11.61
2-Week 11.45 11.90 11.80 12.00 11.79
1-Month 11.50 11.95 12.00 12.10 11.89
2-Months 11.65 12.00 12.05 12.10 11.95
3-Months 11.80 12.10 12.10 12.15 12.04
4-Months 11.80 12.10 12.10 12.15 12.04
5-Months 11.85 12.10 12.10 12.20 12.06
6-Months 11.85 12.10 12.10 12.20 12.06
9-Months 11.85 12.10 12.10 12.20 12.06
1-Year 11.95 12.10 12.10 12.20 12.09
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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 10.50 11.90 11.00 12.00 11.35
1-Week 11.40 12.00 11.90 12.10 11.85
2-Week 11.50 12.00 11.90 12.10 11.88
1-Month 11.60 12.10 12.00 12.15 11.96
2-Months 11.90 12.15 12.15 12.20 12.10
3-Months 11.90 12.20 12.15 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 the currency dealers, the dollar could not sustain and further declined on buying counter amid sluggish trading trend. The dollar was traded at Rs 84.90 and Rs 85.40, as its buying and selling rates against the Wednesday closing of Rs 85.00 and Rs 85.40, respectively.
However, the rupee showed weakness and slide down against the British pound. The pound's buying and selling rates were increased from overnight closing of 127.00 and Rs 129.00 to Rs 128.20. 129.50, respectively, the dealers said.
The dollar opened at Rs 85.30 (buying) and Rs 85.40 (selling) against the overnight value. It did not observe further change in the evening session and closed at Rs 85.30 (buying) and Rs 85.40 (selling).
Pound Sterling opened at Rs 129.00 (buying) and Rs 130.00 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 129.00 (buying) and Rs 130.00 (selling).