The rupee resisted sharp fall against the dollar on the local currency market on Monday in process of trading, experts said. On the interbank market the rupee recovered five paisa against dollar for buying and selling at 84.65 and 84.70, they said. In the first session of Asia yen was under pressure while demand for higher-yielding currencies was robust after better-than-expected US jobs data supported optimism about an economic recovery.
The yen fell broadly, with traders citing yen-selling flows from hedge funds. Currencies such as the Australian dollar rose against yen, getting a boost from a rise in demand for equities and other risky assets.
==============================
Buying Rs 84.65
Selling Rs.84.70
==============================
==============================
Open Buying Rs.84.75
Open Selling Rs.84.95
==============================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 12.00 12.40 12.10 12.40 12.23
1-Week 11.40 12.10 12.00 12.15 11.91
2-Week 11.45 12.05 12.00 12.15 11.91
1-Month 11.50 12.00 12.00 12.10 11.90
2-Months 11.65 12.05 12.00 12.10 11.95
3-Months 11.80 12.05 12.05 12.10 12.00
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
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 12.10 12.40 12.25 12.40 12.29
1-Week 11.50 12.15 12.00 12.25 11.98
2-Week 11.70 12.10 12.00 12.20 12.00
1-Month 11.80 12.15 12.00 12.20 12.04
2-Months 11.90 12.10 12.15 12.20 12.09
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
=================================================================
According to moneychangers, the dollar was traded at Rs 84.90 and Rs 85.20 against Saturday's Rs 85.00 and Rs 85.30 on buying and selling counters, respectively. The appreciation in the value of local currency was owing to sufficient availability of the dollar in the local kerb. Similarly, the rupee appreciated against pound sterling. The British pound was purchased and sold at Rs 128.00 and Rs 128.70 as compared to Saturday's Rs 128.50 and Rs 129.50, respectively, dealers said.
The dollar opened at Rs 84.40 (buying) and Rs 84.50 (selling) against same last rates. It did not observe further change in the evening session and closed at Rs 84.40 (buying) and Rs 84.50 (selling).
Pound sterling opened at Rs 125.50 (buying) and Rs 126.50 (selling) against same last rates. It did not observe further change in the evening session and closed at Rs 125.50 (buying) and Rs 126.50 (selling).