The rupee fell against dollar on the currency market on Thursday in process of trading, dealers said. The rupee surrendered overnight firmness in terms of dollar, losing five paisa for buying and selling at 86.35 and 86.40, they said.
A storm of market rumours questioning the financial solidity of a major French bank and talk of an impending downgrade of France's credit rating, all denied by authorities, rattled already shaky market confidence. The US dollar stayed on the defensive as investors were reluctant to hold on to longs after the Federal Reserve pledged to keep interest rates near zero for two years and left the door open to adding more stimulus if needed.
Greenback was trading at Rs 45.25 against the Indian rupee, the dollar was available at 3.0110 Malaysian ringgit and the US currency was trading at 6.3973 Chinese yuan per dollar.
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Open Buying Rs 86.35
Open Selling Rs 86.40
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Buying Rs 86.10
Selling Rs 86.30
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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 13.25 13.40 13.40 13.40 13.36
1-Week 12.50 13.25 13.25 13.35 13.09
2-Week 12.75 13.20 13.20 13.25 13.10
1-Month 12.90 13.15 13.15 13.25 13.11
2-Months 12.90 13.15 13.15 13.25 13.11
3-Months 12.95 13.10 13.15 13.20 13.10
4-Months 13.00 13.15 13.15 13.20 13.13
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 13.25 13.40 13.40 13.45 13.38
1-Week 12.60 13.25 13.25 13.35 13.11
2-Week 12.80 13.25 13.25 13.30 13.15
1-Month 13.00 13.25 13.20 13.25 13.18
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 moneychangers, the dollar was opened on a positive sign and appreciated its worth following fresh demand. At the end of trading, the dollar was closed higher at Rs 86.10 and Rs 86.30 on buying and selling sides against the day earlier closing of Rs 86.05 and Rs 86.25, respectively.
On the contrary, the rupee continued to rise and improved its value against the British pound. The pound's buying and selling rates were declined from Wednesday closing of Rs 140.20 and Rs 141.00 to Rs 139.80 and Rs 140.80, respectively, they added.
The dollar opened at Rs 86.00 (buying) and Rs 86.35 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 86.00 (buying) and Rs 86.35 (selling).
Pound Sterling opened at Rs 138.35 (buying) and Rs 138.50 (selling) against the overnight value. It did not observe further change in the evening session and closed at Rs 138.35 (buying) and Rs 138.50 (selling).