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THE RUPEE: no change versus dollar

06 Jul, 2011

No change was witnessed on the money market on Tuesday as the rupee firmly held the overnight levels in terms of dollar, money experts said. The rupee was unchanged versus dollar for buying and selling at 85.90 and 85.95, they said.
Some traders cited talk that US companies such as Pfizer could repatriate dollars earned overseas to take advantage of a proposed US tax break as helping to push the euro below $1.4500. Indian rupee was trading at Rs 44.43 versus dollar, Malaysian ringgit was available at 3.0055 in relation to the greenback and Chinese yuan was available at 6.4625 in terms of the US currency.


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Open Buying Rs.86.00
Open Selling Rs.86.20
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Buying Rs.85.90
Selling Rs.85.95
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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 13.90 13.00 13.90 13.39
1-Week 12.50 13.25 13.20 13.30 13.06
2-Week 12.75 13.20 13.20 13.25 13.10
1-Month 12.90 13.25 13.20 13.30 13.16
2-Months 13.00 13.35 13.30 13.40 13.26
3-Months 13.10 13.35 13.35 13.45 13.31
4-Months 13.10 13.40 13.35 13.45 13.33
5-Months 13.15 13.40 13.40 13.50 13.36
6-Months 13.25 13.50 13.50 13.60 13.46
9-Months 13.30 13.60 13.60 13.70 13.55
1-Year 13.40 13.65 13.65 13.75 13.61
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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 13.95 13.40
1-Week 12.75 13.30 13.30 13.35 13.18
2-Week 13.00 13.25 13.25 13.30 13.20
1-Month 13.10 13.30 13.30 13.35 13.26
2-Months 13.15 13.40 13.40 13.50 13.36
3-Months 13.15 13.50 13.45 13.60 13.43
4-Months 13.20 13.50 13.50 13.65 13.46
5-Months 13.25 13.55 13.50 13.65 13.49
6-Months 13.30 13.60 13.50 13.65 13.51
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, the dollar commenced trading at its overnight closing of Rs 86.00 and Rs 86.15 as its buying and selling rates, respectively. There was no visible change in the dollar's rate during the day trading. However, at the end of trading, it was closed at Rs 86.00 and Rs 86.20 on buying and selling sides, respectively.
Similarly, the rupee showed stability and remained unchanged on buying side while it was declined on the selling side against the British pound. The pound was purchased and sold at Rs 138.00 and Rs 139.00 as compared to Monday closing of Rs 138.00 and Rs 138.60 respectively, the dealers said.
The dollar opened at Rs 86.00 (buying) and Rs 86.20 (selling) against same overnight values. It did not observe further change in the second session and closed at Rs 86.00 (buying) and Rs 86.20 (selling).
Pound sterling opened at Rs 138.40 (buying) and Rs 138.50 (selling) against same overnight values. It did not observe further change in the evening session and closed at Rs 138.40 (buying) and Rs 138.50 (selling).

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