The rupee picked up four paisa against dollar in the interbank market on Tuesday at Rs 60.57 and Rs 60.59 for buying and selling, respectively. Currency analysts said that the rupee managed to recover some ground due to easy supply of dollars during the final stage of the out-going fiscal year.
If the supply of dollars improves, the rupee may gain more ground in the coming days, they said. In the Asian markets yen maintained its overnight level against the leading currencies, they said.
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KERB BUYING Rs 61.12
KERB SELLING Rs 61.22
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Buying Rs 60.57
Selling Rs 60.59
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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 4.50 8.00 5.00 8.25 6.44
1-Week 8.50 8.75 8.60 8.80 8.66
2-Weeks 8.50 8.75 8.65 8.90 8.70
1-Month 8.60 8.80 8.75 8.90 8.76
2-Months 8.70 8.90 8.80 9.00 8.85
3-Months 8.80 8.95 8.85 9.00 8.90
4-Months 8.80 9.00 8.85 9.05 8.93
5-Months 8.85 9.00 8.95 9.10 8.98
6-Months 8.85 9.10 9.00 9.15 9.03
9-Months 8.90 9.10 9.05 9.20 9.06
1-Year 8.90 9.15 9.10 9.25 9.10
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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 5.00 8.50 5.50 8.75 6.94
1-Week 8.75 9.00 8.90 9.25 8.98
2-Weeks 8.75 9.25 9.00 9.40 9.10
1-Month 8.90 9.25 9.10 9.50 9.19
2-Months 9.25 9.50 9.40 9.70 9.46
3-Months 9.25 9.60 9.40 9.75 9.50
4-Months 9.40 9.75 9.65 9.90 9.68
5-Months 9.50 9.75 9.75 10.00 9.75
6-Months 9.75 10.00 10.00 10.25 10.00
9-Months 10.00 10.25 10.25 10.50 10.25
1-Year 10.00 10.50 10.25 10.75 10.38
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According to the currency dealers, the dollar resumed trading at overnight closing level of Rs 61.05 and Rs 61.15 as its buying and selling rates, respectively. The demand and supply condition remained intact that provided stability to the local currency. At the end of trading, the dollar closed at the opening level, the dealers added.
However, the rupee recovered some of its earlier loss and improved value against the pound sterling. The pound was purchased at Rs 121.60 and was sold at Rs 121.90 as compared to previous closing of Rs 160.70 and Rs 122.10 respectively, the dealers added.
The dollar opened at Rs 60.90 (buying) and Rs 61 (selling) against same last rate. It did not observe any change in the second session and closed at Rs 60.90 (buying) and Rs 61 (selling).
Pound Sterling resumed trading at Rs 120 (buying) and Rs 120.20 (selling) against same overnight value. It did not witness any change in the last trading hours and closed at Rs 120 (buying) and Rs 120.20 (selling).