As a result of high inflows of dollar there was no major difference between the interbank and open market rates, money experts said. The rupee retained its firmness in relation to dollar gaining six paisa more for buying and selling at 84.35 and 84.40, they said.
Indian rupee was trading at Rs 44.32 versus dollar, Malaysian ringgit was at 3.0080 in relation to the greenback and Chinese yuan was at 6.5187 in terms of the greenback.
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Open Buying Rs 84.40
Open Selling Rs 84.50
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Buying Rs 84.35
Selling Rs.84.40
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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 13.80 13.00 13.90 13.36
1-Week 11.50 12.90 12.85 13.00 12.56
2-Week 11.60 12.90 12.90 13.00 12.60
1-Month 11.90 13.00 13.00 13.05 12.74
2-Months 12.40 13.10 13.15 13.20 12.96
3-Months 12.90 13.20 13.20 13.25 13.14
4-Months 13.00 13.25 13.30 13.35 13.23
5-Months 13.20 13.35 13.35 13.40 13.33
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 13.90 13.00 13.90 13.39
1-Week 12.25 13.00 13.00 13.10 12.84
2-Week 12.40 13.05 13.00 13.15 12.90
1-Month 12.70 13.10 13.10 13.20 13.03
2-Months 13.00 13.25 13.25 13.35 13.21
3-Months 13.10 13.35 13.30 13.45 13.30
4-Months 13.25 13.50 13.40 13.60 13.44
5-Months 13.40 13.60 13.45 13.65 13.53
6-Months 13.45 13.65 13.55 13.75 13.60
9-Months 13.50 13.70 13.60 13.75 13.64
1-Year 13.50 13.75 13.60 13.90 13.69
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According to the currency dealers, because of lacking demand, the dollar could not sustain and declined to Rs 84.35 and Rs 84.55 on buying and selling sides against the overnight closing of Rs 84.40 and Rs 84.60, respectively.
However, the rupee could not get out of pressure and further depreciated against the pound sterling. The pound was ended higher at Rs 138.60 and Rs 139.20 on buying and selling counters, as compared to Wednesday closing of Rs 137.50 and Rs 138.00, respectively, the dealers said.
The dollar resumed trading at Rs 85.15 (buying) and Rs 85.50 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 85.15 (buying) and Rs 85.50 (selling).
Pound Sterling opened at Rs 136.35 (buying) and Rs 137.55 (selling) against the previous rate. It did not witness any change in the evening session and closed at Rs 136.35 (buying) and Rs 137.55 (selling).