The rupee was down against dollar and euro on the currency market on Tuesday in process of trading, dealers said The rupee in relation to dollar shed two paisa at 85.70 for buying and was dropped by three paisa for selling at 85.75, they said.
The euro eased slightly after last week's short-covering surge, with some traders citing talk of euro-selling by investors related to euro zone bond redemptions.
Malaysian ringgit was available at 3.0625 in relation to the greenback, Indian rupee was at 44.82 in terms of the US currency and Chinese yuan was tradng at 6.604 versus dollar.
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Open Buying Rs 85.65
Open Selling Rs 85.80
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Buying Rs 85.70
Selling Rs.85.75
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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 12.00 13.00 12.25 13.25 12.63
1-Week 11.60 12.80 12.70 12.85 12.49
2-Week 11.65 12.85 12.80 12.90 12.55
1-Month 11.90 12.90 12.85 12.95 12.65
2-Months 12.25 13.05 12.90 13.15 12.84
3-Months 12.60 13.10 13.10 13.20 13.00
4-Months 12.70 13.15 13.10 13.25 13.05
5-Months 12.75 13.20 13.20 13.35 13.13
6-Months 13.05 13.30 13.25 13.40 13.25
9-Months 13.10 13.40 13.30 13.60 13.35
1-Year 13.25 13.50 13.40 13.60 13.44
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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 12.00 13.00 12.30 13.25 12.64
1-Week 12.40 12.85 12.75 12.90 12.73
2-Week 12.25 12.90 12.90 13.00 12.76
1-Month 12.50 13.00 13.00 13.10 12.90
2-Months 12.75 13.25 13.25 13.40 13.16
3-Months 12.80 13.40 13.25 13.50 13.24
4-Months 12.90 13.50 13.30 13.60 13.33
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
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According to dealers, the dollar was purchased and sold at Rs 85.50 and Rs 85.75 as compared to overnight rates of Rs 85.50 and Rs 85.80, respectively.
On the contrary, the pound was purchased and sold at Rs 133.00 and Rs 134.00 as compared to Monday's Rs 132.30 and Rs 133.00, respectively, dealers said.
The dollar resumed trading at Rs 85.55 (buying) and Rs 85.80 (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 85.55 (buying) and Rs 85.80 (selling).
Pound Sterling opened at Rs 136.20 (buying) and Rs 136.70 (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 136.70 (selling).