Divergent trend was seen on the currency market on Thursday as the rupee moved both ways versus dollar in process of trading, dealers said. The rupee picked up four paisa versus dollar for buying at 85.80 and rose by three paisa for selling at 85.85, they said.
Still, the currency's two-week-long rally faces a growing risk of over stretching in the near term with resistance seen looming around $1.3740-3786, analysts said.
The Indian rupee was at 45.71 in term of the US currency, Malaysian ringgit was trading at 3.0510 against the greenback, Chinese yuan was available at 6.583 versus dollar.
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Open Buying Rs 86.15
Open Selling Rs 86.30
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Buying Rs 85.80
Selling Rs 85.85
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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 13.00 13.90 13.50 13.90 13.58
1-Week 11.75 13.15 13.10 13.20 12.80
2-Week 11.80 13.10 13.10 13.20 12.80
1-Month 11.95 13.15 13.15 13.25 12.88
2-Months 12.45 13.20 13.20 13.30 13.04
3-Months 12.95 13.40 13.40 13.50 13.31
4-Months 13.00 13.40 13.40 13.50 13.33
5-Months 13.20 13.50 13.45 13.60 13.44
6-Months 13.35 13.55 13.50 13.60 13.50
9-Months 13.40 13.60 13.60 13.75 13.59
1-Year 13.45 13.65 13.70 13.80 13.65
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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 13.00 13.90 13.50 13.90 13.58
1-Week 12.25 13.20 13.20 13.30 12.99
2-Week 12.30 13.25 13.25 13.35 13.04
1-Month 12.40 13.30 13.25 13.40 13.09
2-Months 12.75 13.40 13.30 13.45 13.23
3-Months 13.00 13.50 13.40 13.60 13.38
4-Months 13.10 13.60 13.45 13.65 13.45
5-Months 13.20 13.60 13.50 13.75 13.51
6-Months 13.30 13.70 13.65 13.90 13.64
9-Months 13.30 13.75 13.70 13.90 13.66
1-Year 13.40 13.80 13.75 13.90 13.71
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According to the currency dealers, the dollar showed strength and improved its worth in local currency markets on account of fresh buying support. The dollar resumed trading at Rs 86.00 and Rs 86.20, as its buying and selling rates and ended with improvement in its value at Rs 86.10 and Rs 86.25 on buying and selling counters, respectively.
Similarly, the pound sterling showed strength and appreciated its worth in the local kerb. The pound was purchased and sold at Rs 136.50 and Rs 137.50, as compared to overnight closing rates of Rs 136.00 and Rs 137.00, respectively, the dealers said.
The dollar opened at Rs 85.90 (buying) and Rs 86.10 (selling) against the same last rate. It did not observe further change in the evening session and closed at Rs 85.90 (buying) and Rs 86.10 (selling).
Pound Sterling opened at Rs 136.30 (buying) and Rs 136.70 (selling) against the same previous rate. It did not witness any change in the evening session and closed at Rs 136.30 (buying) and Rs 136.70 (selling).