THE RUPEE: dollar slips further

The rupee ended the calendar year on a firm note on the currency market on Friday as open market kept the shutters down due to strike, bankers said.
Most of the trading centres were closed in the city and countrywide, too, as strike call given by the religious parties was supported by the traders and transporters. The strike called to protest against any amendment in the blasphemy law.
In the final Asian session on Friday, the Swiss franc touched a record high against dollar on Friday and was within reach of a record peak against euro, though trade was thin on the last trading day of the year. Many Asian centres, including Japan, are closed and traders expect little market action over the course of the day, apart from some end-of-month and end-of-year corporate orders.
China's yuan ended 2010 on a strong note, pushing past 6.59 per dollar on Friday to close the year up 3.6 percent and fanning hopes that it will see even more gains next year. The yuan closed at 6.5897 per dollar, capping nine trading days that saw it rise 1.3 percent from a recent low and giving a decisive close to the year after the currency zig-zagged from mid-October to mid-December.

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Buying           Rs 85.60
Selling          Rs 85.65
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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     11.40      13.00     11.50        13.25       12.29
1-Week        11.60      12.95     12.90        13.00       12.61
2-Week        11.65      12.95     12.90        13.00       12.63
1-Month       11.90      12.90     12.90        13.00       12.68
2-Months      12.25      13.10     12.90        13.20       12.86
3-Months      12.60      13.15     13.10        13.25       13.03
4-Months      12.70      13.15     13.10        13.25       13.05
5-Months      12.75      13.20     13.20        13.35       13.13
6-Months      13.05      13.30     13.25        13.40       13.25
9-Months      13.10      13.40     13.30        13.60       13.35
1-Year        13.25      13.50     13.40        13.60       13.44
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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     11.40      13.00     11.50        13.25       12.29
1-Week        12.50      13.10     13.00        13.25       12.96
2-Week        12.25      13.20     13.10        13.30       12.96
1-Month       12.50      13.25     13.10        13.40       13.06
2-Months      12.75      13.40     13.20        13.50       13.21
3-Months      12.80      13.50     13.25        13.75       13.33
4-Months      12.90      13.50     13.30        13.75       13.36
5-Months      13.00      13.50     13.40        13.75       13.41
6-Months      13.10      13.60     13.40        13.90       13.50
9-Months      13.25      13.60     13.50        13.90       13.56
1-Year        13.25      13.75     13.60        14.00       13.65
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