THE RUPEE: rates slip in interbank market

24 Oct, 2012

The rupee continued its fall against the dollar for the second day in the interbank market on Tuesday owing to improvement in the buying of the US currency while the national currency was inert in terms of the greenback on the open market, dealers said.
In the second Asian trade, the yen hit a three-month low against the dollar and a five-month trough versus the euro, pressured by expectations that the Bank of Japan will further loosen monetary conditions to help the export-reliant economy face a global slowdown.
Earlier, the dollar rose to as high as 80.02 yen on trading platform EBS, its highest level since early July. The greenback later trimmed its gains and last stood at 79.95 yen, steady from late US trade on Monday.
The dollar was trading against the Indian rupee at Rs 53.58.The greenback was available at 3.0500 in terms of the Malaysian ringgit and the US currency at 6.2479 in terms of yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 81.20-81.22 (previous 81.20-81.22). Call Money Rates: 10.00-10.00 percent (previous 06.25-10.50 percent).



========================
Open Buying Rs 95.20
Open Selling Rs.95.40
========================


========================
Bid Rate Rs.95.47
Offer Rate Rs.95.50
========================

The rupee remained under pressure and was depreciated against the pound sterling. The pound was slide up to close at Rs 150.85 and Rs 151.60 on buying and selling sides as compared to last day value of Rs 150.85 and Rs 151.80, respectively, they added.
Pound Sterling opened at Rs 151.90 (buying) and Rs 153 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 151.90 (buying) and Rs 153 (selling).The buying and selling rates of Euro remained Rs 122.40 and Rs 123.60respectively in both morning and evening sessions.

Read Comments