Mixed trend was witnessed on the currency market on Wednesday in process of trading, dealers said. The rupee shed 13 paisa against dollar for buying at 85.38 and lost 12 paisa for selling at 85.42, they said. In the third Asian trade dollar's sharp rebound hit turbulence, with the currency faltering near significant chart resistance levels and with precious metals, which had fallen sharply and given it a boost, starting to recover.
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Open Buying Rs 85.00
Open Selling Rs 85.15
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Buying Rs 85.38
Selling Rs 85.42
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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 11.00 12.75 11.25 13.00 12.00
1-Week 11.45 12.30 12.20 12.40 12.09
2-Week 11.55 12.30 12.30 12.40 12.14
1-Month 11.65 12.35 12.40 12.50 12.23
2-Months 12.15 12.50 12.45 12.60 12.43
3-Months 12.45 12.80 12.65 12.90 12.70
4-Months 12.50 12.80 12.75 12.90 12.74
5-Months 12.70 12.90 12.85 13.00 12.86
6-Months 12.80 12.90 12.80 13.00 12.88
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 11.00 12.75 11.25 13.00 12.00
1-Week 11.75 12.40 12.30 12.50 12.24
2-Week 11.85 12.35 12.35 12.50 12.26
1-Month 12.00 12.50 12.60 12.70 12.45
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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According to dealers, the dollar commenced trading at overnight rates Rs 84.80 and Rs 85.50 for buying and selling and closed at Rs 84.80 and Rs 85.30 for buying and selling respectively.
The pound's buying and selling rates declined to Rs 134.50 and Rs 135.50 as compared to Rs 135.50 and Rs 136.50, respectively, dealers said.
The dollar resumed trading at Rs 85.40 (buying) and Rs 85.50 (selling) against the rate of Rs 86.20 (buying) and Rs 86.30 (selling). It did not observe further change in the evening session and closed at Rs 85.40 (buying) and Rs 85.50 (selling).
Pound Sterling opened at Rs 136.00 (buying) and Rs 136.20 (selling) in the morning session. It did not observe further change in the last trading hours and closed at Rs 136.00 (buying) and Rs 136.20 (selling).