Availability of dollars helped the rupee to register gains against the greenback on currency market on Thursday, dealers said. The rupee managed to recover modestly versus dollar, gaining six paisa for buying at 85.84 and eight paisa for selling at 85.87 in process of trading, they said. In the fourth Asian trade a short-covering bounce in dollar paused on Thursday but traders said a rise in US Treasury yields could prompt more buybacks in the greenback before the Federal Reserve's policy meeting next week.
The Indian rupee edged lower on Thursday as oil refiners bought dollars, while seesawing shares provided little clues on foreign fund flows. At 10:30 am (0500 GMT), the partially convertible rupee was at 44.49/50 per dollar, 0.1 percent weaker than its close of 44.445/450 on Wednesday.
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Open Buying Rs 85.85
Open Selling Rs 86.00
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Buying Rs 85.84
Selling Rs 85.87
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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 12.75 13.40 13.00 13.40 13.14
1-Week 11.50 12.40 12.30 12.45 12.16
2-Week 11.60 12.30 12.30 12.40 12.15
1-Month 11.75 12.40 12.35 12.45 12.24
2-Months 12.20 12.50 12.45 12.60 12.44
3-Months 12.30 12.75 12.65 12.90 12.65
4-Months 12.50 12.75 12.75 12.90 12.73
5-Months 12.55 12.90 12.85 13.00 12.83
6-Months 12.60 12.90 12.80 13.00 12.83
9-Months 12.70 13.00 12.95 13.10 12.94
1-Year 12.80 13.00 13.00 13.15 12.99
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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 12.75 13.40 13.00 13.40 13.14
1-Week 11.60 12.45 12.35 12.50 12.23
2-Week 11.75 12.40 12.35 12.50 12.25
1-Month 12.20 12.50 12.45 12.60 12.44
2-Months 12.40 12.90 12.75 13.00 12.76
3-Months 12.50 13.10 12.90 13.25 12.94
4-Months 12.60 13.15 13.00 13.25 13.00
5-Months 12.70 13.20 13.10 13.30 13.08
6-Months 12.80 13.25 12.90 13.35 13.08
9-Months 12.90 13.30 13.10 13.40 13.18
1-Year 13.10 13.40 13.20 13.45 13.29
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The moneychangers said that sufficient supply of dollar helped rupee appreciation in the open market. The dollar remained under pressure and finally ended at Rs 85.80 and Rs 86.00 on buying and selling sides, as compared to overnight closing of Rs 85.90 and 86.10, respectively.
On the contrary, the Pak rupee witnessed depreciation of 40-paisa and 20-paisa on buying and selling side, respectively against British pound. The pound sterling was purchased and sold at Rs 135.20 and 136.00, as compared to Rs 134.80 and Rs 135.80 of Wednesday, respectively, they said.
The dollar resumed trading at Rs 86.15 (buying) and Rs 86.60 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 86.15 (buying) and Rs 86.60 (selling).
Pound Sterling opened at Rs 134.00 (buying) and Rs 135.20 (selling) in the morning session. It did not observe further change in the last trading hours and closed at Rs 134.00 (buying) and Rs 135.20 (selling).