The rupee moved both ways on the currency market on Monday in process of trading, dealers said. The rupee recovered five paisa against dollar for buying and selling at 85.80 and at 85.85, they said. In the first Asian trade dollar recouped some ground lost from a renewed focus on US quantitative easing, and was helped by short covering, while euro fell back towards channel support ahead of a meeting of European finance ministers.
China's yuan ended up against dollar on Monday after the People's Bank of China set a higher mid-point in the wake of US dollar weakness.
Dealers said they expected yuan to move in a small range in coming days but could appreciate three to five percent next year after the Communist Party decided that China would shift to a prudent monetary policy from a moderately loose stance.

=========================
Open Buying      Rs 85.75
Open Selling     Rs 85.90
=========================

=========================
Buying           Rs.85.80
Selling          Rs.85.85
=========================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor       Low Bid   High Bid   Low Offer   High Offer   Average
=================================================================
Overnight     12.00     12.70      12.10        12.75       12.39
1-Week        11.50     12.40      12.40        12.50       12.20
2-Week        11.70     12.50      12.45        12.60       12.31
1-Month       11.85     12.80      12.80        12.85       12.58
2-Months      12.25     12.95      13.00        13.10       12.83
3-Months      12.40     13.00      13.00        13.20       12.90
4-Months      12.70     13.10      13.10        13.25       13.04
5-Months      12.75     13.20      13.20        13.35       13.13
6-Months      12.90     13.30      13.25        13.40       13.21
9-Months      13.10     13.40      13.30        13.60       13.35
1-Year        13.25     13.50      13.40        13.60       13.44
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor       Low Bid   High Bid   Low Offer   High Offer   Average
=================================================================
Overnight     12.00     12.70      12.10        12.75       12.39
1-Week        11.90     12.50      12.45        12.60       12.36
2-Week        12.10     12.75      12.60        12.80       12.56
1-Month       12.40     13.20      12.90        13.30       12.95
2-Months      12.50     13.40      13.20        13.50       13.15
3-Months      12.75     13.50      13.25        13.75       13.31
4-Months      12.80     13.50      13.30        13.75       13.34
5-Months      13.00     13.50      13.40        13.75       13.41
6-Months      13.10     13.60      13.40        13.90       13.50
9-Months      13.25     13.60      13.50        13.90       13.56
1-Year        13.25     13.75      13.60        14.00       13.65
=================================================================