The rupee depicted mixed trend versus dollar while it gained sharply against euro on the currency market on Wednesday, dealers said.
In the third Asian trade dollar climbed, having already powered up across the board the day before on the back of a spike in US bond yields, while euro slipped towards some significant support levels.
The greenback had risen sharply on Tuesday, gaining one percent on yen and rising against the likes of the Australian dollar after US Treasury yields surged on a proposed extension in US tax cuts, which fuelled concerns about inflation and the cost of the massive debt burden.
The Indian rupee was available at Rs 44.64 versus dollar, Malaysian ringgit was trading at 3.1450 in relation to the greenback and Chinese yuan was at 6.657.
The rupee followed the same path in relation to euro, gaining Rs 1.35 for buying and selling at Rs 112.30 and Rs 112.80, they said.
=========================
Open Buying Rs 85.50
Open Selling Rs 85.65
=========================
=========================
Buying Rs.85.72
Selling Rs.85.76
=========================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 12.25 13.50 12.40 13.75 12.98
1-Week 11.60 12.60 12.45 12.65 12.33
2-Week 11.70 12.50 12.50 12.60 12.33
1-Month 11.90 12.85 12.85 12.90 12.63
2-Months 12.20 12.95 13.00 13.10 12.81
3-Months 12.55 13.10 13.05 13.20 12.98
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 13.00 13.30 13.25 13.40 13.24
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 12.25 13.50 12.40 13.75 12.98
1-Week 11.90 12.60 12.60 12.70 12.45
2-Week 12.10 12.60 12.60 12.70 12.50
1-Month 12.40 13.30 12.90 13.35 12.99
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
=================================================================
According to dealers, the dollar was traded at Rs 85.50 and Rs 85.80 as its buying and selling rates as compared to overnight closing rates of Rs 85.50 and Rs 85.70, respectively.
On the contrary, the rupee gained against British pound, which was purchased and sold at Rs 134.30 and Rs 135.00 as compared to overnight closing of Rs 134.50 and Rs 135.50, respectively, dealers said.
The dollar resumed trading at Rs 85.50 (buying) and Rs 85.60 (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 85.50 (buying) and Rs 85.60 (selling).
Pound Sterling opened at Rs 136.20 (buying) and Rs 136.60 (selling) in the morning session. It did not observe further change in the last trading hours and closed at Rs 136.20 (buying) and Rs 136.60 (selling).