Firmness prevailed on the currency market on Friday as a result of the high inflows of dollars in shape of remittances, which also help the country's foreign exchange reserves to hit all-time high at 18.31 billion dollars, dealers said.
The dollar rose from around 78.50 yen to an intraday high of 79.42 yen in a matter of minutes, stirring talk that Japan may have intervened in the currency market. But the dollar later gave up its gains and was last down 0.3 percent at 78.64 yen, and traders played down the talk of possible intervention, with US and European banks cited as dollar buyers earlier.
Indian rupee was trading at Rs 44.54 versus dollar, Malaysian ringgit was available at 3.0060 in terms of the greenback and Chinese yuan was at 6.4442 in relation to the US currency.
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Open Buying Rs 86.20
Open Selling Rs 86.25
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Buying Rs 86.00
Selling Rs 86.20
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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 13.25 13.00 13.30 13.08
1-Week 13.00 13.25 13.25 13.30 13.20
2-Week 13.00 13.20 13.20 13.25 13.16
1-Month 12.85 13.15 13.15 13.20 13.09
2-Months 12.90 13.20 13.15 13.25 13.13
3-Months 12.95 13.20 13.20 13.25 13.15
4-Months 13.00 13.15 13.20 13.25 13.15
5-Months 13.00 13.20 13.20 13.30 13.18
6-Months 13.00 13.20 13.20 13.30 13.18
9-Months 13.10 13.25 13.25 13.35 13.24
1-Year 13.15 13.30 13.30 13.40 13.29
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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 13.25 13.00 13.30 13.08
1-Week 13.00 13.25 13.25 13.30 13.20
2-Week 13.00 13.25 13.25 13.30 13.20
1-Month 13.00 13.20 13.20 13.25 13.16
2-Months 13.00 13.25 13.20 13.30 13.19
3-Months 13.05 13.25 13.20 13.30 13.20
4-Months 13.10 13.30 13.25 13.35 13.25
5-Months 13.10 13.30 13.30 13.35 13.26
6-Months 13.15 13.35 13.30 13.40 13.30
9-Months 13.15 13.35 13.35 13.40 13.31
1-Year 13.15 13.40 13.40 13.50 13.36
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According to the currency dealers, there was no change in the dollar's demand and supply situation that helped rupee stability in the open market. The dollar was traded at its overnight closing of Rs 86.00 and Rs 86.20 on buying and selling sides, respectively.
Likewise, the rupee stayed unchanged against the pound sterling amid sluggish trading trend. The pound was purchased and sold at its Thursday closing level of Rs 140.30 and Rs 141.00, respectively, the dealers said.
The dollar resumed trading at Rs 86.00 (buying) and Rs 86.30 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 86.00 (buying) and Rs 86.30 (selling).
Pound Sterling opened at Rs 138.30 (buying) and Rs 138.45 (selling) against the overnight value. It did not observe further change in the evening session and closed at Rs 138.30 (buying) and Rs 138.45 (selling).