The rupee showed mixed trend versus dollar on the local currency market on Tuesday amid increased demand for the greenback, experts said. On the interbank market the rupee gave up firmness in terms of dollar, losing 10 paisa for buying at 83.98 and losing seven paisa at 84.00 for selling, they said.
In the second Asian trade euro rose as investors pared some of their record short positions ahead of the end of the quarter and with sentiment also boosted by Greece's success in raising money from the debt market. The yen initially edged up against dollar as Japanese exporters repatriated their overseas earnings, but greenback buying for Japan's new fiscal year starting on Thursday also seemed to emerge and later cut yen's advance, traders said.
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Buying Rs 83.98
Selling Rs 84.00
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Open Buying Rs 84.15
Open Selling Rs 84.35
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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 10.50 9.75 10.75 10.13
1-Week 10.90 11.60 11.45 11.75 11.43
2-Week 11.25 11.90 11.80 12.00 11.74
1-Month 11.45 12.00 11.95 12.05 11.86
2-Months 11.70 12.10 12.10 12.15 12.01
3-Months 11.75 12.10 12.10 12.15 12.03
4-Months 11.85 12.15 12.15 12.20 12.09
5-Months 11.85 12.15 12.15 12.20 12.09
6-Months 11.85 12.15 12.15 12.20 12.09
9-Months 11.95 12.15 12.15 12.20 12.11
1-Year 12.00 12.20 12.20 12.25 12.16
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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 10.50 9.75 10.75 10.13
1-Week 11.25 11.75 11.70 11.90 11.65
2-Week 11.50 11.90 12.00 12.10 11.88
1-Month 11.80 12.10 12.10 12.20 12.05
2-Months 12.00 12.15 12.15 12.25 12.14
3-Months 12.00 12.20 12.15 12.25 12.15
4-Months 12.00 12.20 12.15 12.25 12.15
5-Months 12.00 12.25 12.15 12.30 12.18
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 moneychangers, there was no change in demand and supply situation for dollars. This helped the rupee. The dollar was traded at overnight Rs 84.35 and Rs 84.60 as buying and selling rates, respectively.
However, the rupee declined against pound sterling whose buying and selling rates improved to Rs 126.20 and Rs 126.70 as compared to Rs 125.50 and Rs 126.50 respectively, moneychangers said.
The dollar opened at Rs 83.80 (buying) and Rs 83.90 (selling) against same last rates. It did not observe further change in the evening session and closed at Rs 83.80 (buying) and Rs 83.90 (selling).
Pound sterling opened at Rs 123.30 (buying) and Rs 124.30 (selling) against same previous rates. It did not observe further change in the second session and closed at Rs 123.30 (buying) and Rs 124.30 (selling).