The rupee managed to recover sharply against dollar and euro on the currency market on Tuesday, experts said. The rupee gained 31 paisa for buying at 85.04 and picked up 32 paisa for selling at 85.08 due to easy supply of the US currency, they said.
========================
Open Buying Rs 85.15
Open Selling Rs.85.30
========================
========================
Buying Rs.85.04
Selling Rs.85.08
========================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 12.50 13.25 12.60 13.50 12.96
1-Week 12.25 12.85 12.80 12.90 12.70
2-Week 12.25 12.90 12.90 13.00 12.76
1-Month 12.40 12.95 12.90 13.00 12.81
2-Months 12.50 13.15 13.15 13.25 13.01
3-Months 12.50 13.20 13.20 13.30 13.05
4-Months 13.00 13.30 13.25 13.35 13.23
5-Months 13.20 13.45 13.40 13.50 13.39
6-Months 13.35 13.50 13.45 13.55 13.46
9-Months 13.40 13.60 13.50 13.65 13.54
1-Year 13.45 13.60 13.55 13.65 13.56
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 12.50 13.40 12.70 13.60 13.05
1-Week 12.30 12.95 12.90 13.10 12.81
2-Week 12.40 13.00 13.00 13.15 12.89
1-Month 12.60 13.15 13.00 13.25 13.00
2-Months 12.90 13.40 13.30 13.50 13.28
3-Months 13.10 13.60 13.40 13.70 13.45
4-Months 13.25 13.65 13.45 13.75 13.53
5-Months 13.40 13.70 13.50 13.75 13.59
6-Months 13.50 13.75 13.70 13.90 13.71
9-Months 13.60 13.80 13.75 13.95 13.78
1-Year 13.50 13.90 13.80 14.00 13.80
=================================================================
According to the currency dealers, the dollar remained under pressure and kept on moving down during the day.
At the end of trading, the dollar was closed at Rs 85.10 and Rs 85.40 as its buying and selling rates against the overnight closing of Rs 85.25 and Rs 85.50, respectively.
Similarly, the rupee continued to rise and further appreciated against the British pound. The pound was purchased and sold at Rs 137.00 and Rs 138.00 as compared to last day closing of Rs 138.30 and Rs 138.80, respectively.
The dollar resumed trading at Rs 85.95 (buying) and Rs 86.20 (selling) against the same last rate. It did not observe further change in the evening session and closed at Rs 85.95 (buying) and Rs 86.20 (selling).
Pound Sterling opened at Rs 136.30 (buying) and Rs 136.75 (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 136.75 (selling).