THE RUPEE: dollar down marginally

18 Mar, 2011

Rates changed marginally on the currency market on Thursday in process of trading, dealers said. The rupee recovered nine paisa against dollar for buying and selling at 85.38 and 85.43, they said.
Indian rupee was trading at Rs 45.11 versus dollar, Malaysian ringgit was available at 3.0620 in relation to the greenback and Chinese yuan at 6.5705 in terms of the US currency.


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Open Buying Rs 85.38
Open Selling Rs 85.43
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Buying Rs 85.40
Selling Rs 85.55
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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 13.40 13.90 13.50 13.90 13.68
1-Week 12.00 13.10 13.10 13.20 12.85
2-Week 11.90 12.95 13.00 13.10 12.74
1-Month 12.00 12.95 12.95 13.05 12.74
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 13.50 13.90 13.60 13.95 13.74
1-Week 12.10 13.15 13.15 13.25 12.91
2-Week 11.95 13.15 13.15 13.25 12.88
1-Month 12.70 13.25 13.10 13.30 13.09
2-Months 13.00 13.40 13.30 13.50 13.30
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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According to the moneychangers, the dollar witnessed fresh demand that helped improve its worth in the open market. The dollar resumed trading at overnight closing of Rs 85.25 and Rs 85.50 as its buying and selling rates and finally ended higher at Rs 85.35 and Rs 85.60, respectively, the dealers said.
Similarly, the rupee continued to remain under pressure and declined against the British pound. The pound's buying and selling rates were further improved to Rs 137.10 and Rs 137.80 as compared to last day closing of Rs 136.60 and Rs 137.60, they added.
The dollar opened at Rs 85.20 (buying) and Rs 85.30 (selling) against same last rate. It did not observe further fluctuation in the last trading hours and closed at Rs 85.20 (buying) and Rs 85.30 (selling).
Pound Sterling opened at Rs 136.40 (buying) and Rs 137.40 (selling) against same previous rate. It did not witness any change in the evening session and closed at Rs 136.40 (buying) and Rs 137.40 (selling).

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