THE RUPEE: dollar moves both ways

10 Mar, 2011

The rupee moved both ways against dollar on the currency market on Wednesday in process of trading, experts said. The rupee lost 14 paisa in relation to dollar for buying and selling at 85.18 and 85.22, they said. In the third Asian session dollar rose against euro on fear some euro zone states won't be able to withstand higher interest rates, though further gains will likely require the Federal Reserve to hint at tighter policy.
Indian rupee was trading at Rs 45.08 versus dollar, Malaysian ringgit was available at 3.0310 in terms of the greenback and Chinese yuan was at 6.5700 in relation to the US currency.


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Open Buying Rs 85.00
Open Selling Rs 85.20
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Buying Rs 85.18
Selling Rs.85.22
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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 12.75 13.15 12.80 13.25 12.99
1-Week 12.25 12.90 12.85 12.95 12.74
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
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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 12.75 13.20 12.85 13.30 13.03
1-Week 12.30 13.00 12.95 13.10 12.84
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
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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).

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