The rupee was sharply lower against euro, while it showed mixed trend versus dollar on the currency market on Friday, dealers said. The rupee maintained its upward trend against dollar, rising 10 paisa for buying and selling at 85.56 and 85.60, they said.
Speculation that European policy-makers may top up their war chest against attacks on euro zone sovereign debt is adding fuel to short-covering even though many market players suspect worries about the solvency of peripheral euro zone members will persist. Indian rupee was trading at Rs 45.15 versus dollar, Malaysian ringgit was available at 3.0625 in relation to the greenback and Chinese yuan was at 6.609 in relation to the US currency.
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Open Buying Rs 85.56
Open Selling Rs 85.60
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Buying Rs 85.90
Selling Rs 86.10
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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 12.60 13.90 12.80 13.90 13.30
1-Week 11.70 12.90 12.80 13.00 12.60
2-Week 11.75 12.85 12.85 12.90 12.59
1-Month 11.90 12.90 12.90 13.00 12.68
2-Months 12.25 13.10 13.00 13.20 12.89
3-Months 12.70 13.15 13.15 13.30 13.08
4-Months 12.70 13.20 13.20 13.30 13.10
5-Months 12.75 13.25 13.25 13.40 13.16
6-Months 13.25 13.45 13.30 13.50 13.38
9-Months 13.25 13.60 13.60 13.75 13.55
1-Year 13.35 13.65 13.70 13.80 13.63
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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 12.60 13.90 12.80 13.90 13.30
1-Week 12.10 13.00 12.90 13.25 12.81
2-Week 12.25 13.10 13.00 13.25 12.90
1-Month 12.40 13.20 12.95 13.25 12.95
2-Months 12.75 13.25 13.25 13.40 13.16
3-Months 12.90 13.40 13.25 13.50 13.26
4-Months 12.90 13.50 13.30 13.60 13.33
5-Months 13.00 13.50 13.40 13.75 13.41
6-Months 13.30 13.70 13.65 13.90 13.64
9-Months 13.30 13.75 13.70 13.90 13.66
1-Year 13.40 13.80 13.75 13.90 13.71
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According to dealers, dollar's supply and demand situation remained unchanged. The dollar was purchased and sold at overnight rates of Rs 86.00 and Rs 86.20, respectively, dealers said.
The rupee remained under pressure in relation to pound sterling. The pound was purchased and sold at Rs 135.20 and Rs 136.00 as compared to overnight closing rates at Rs 134.50 and Rs 135.50, respectively, they added.
The dollar resumed trading at Rs 85.50 (buying) and Rs 85.80 (selling) against last rate of Rs 86.20 (buying) and Rs 86.30 (selling). It did not observe further change in the evening session and closed at Rs 85.50 (buying) and Rs 85.80 (selling).
Pound Sterling opened at Rs 136.30 (buying) and Rs 136.70 (selling) in the morning session. It did not observe further change in the last trading hours and closed at Rs 136.30 (buying) and Rs 136.70 (selling).