After a sharp decline in the value of the rupee, it improved versus the US currency on the currency market on Wednesday, dealers said. The rupee moved up with a rise of 10 paisa in relation to dollar for buying and selling at 85.68 and 85.72, they said.
Indian rupee was trading at Rs 45.39 versus dollar, Malaysian ringgit was available at 3.0530 in terms of the US currency and Chinese yuan was at 6.586 versus the greenback.
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Open Buying Rs 86.00
Open Selling Rs 86.20
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Buying Rs 85.68
Selling Rs.85.72
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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 11.50 12.75 11.75 12.90 12.23
1-Week 11.55 12.75 12.65 12.80 12.44
2-Week 11.65 12.80 12.60 12.85 12.48
1-Month 11.90 12.90 12.90 13.00 12.68
2-Months 12.40 13.10 13.00 13.20 12.93
3-Months 12.80 13.15 13.15 13.30 13.10
4-Months 12.90 13.20 13.20 13.30 13.15
5-Months 13.00 13.25 13.25 13.40 13.23
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 11.50 12.75 11.75 12.90 12.23
1-Week 12.25 12.80 12.70 12.85 12.65
2-Week 12.30 13.00 12.75 13.10 12.79
1-Month 12.40 13.10 12.90 13.20 12.90
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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The moneychangers stated that invisible change in dollar's demand and supply situation helped local currency to maintain its worth in the local kerb. The dollar was traded at Rs 86.20 and Rs 86.40, respectively.
On the other hand, the rupee remained under pressure on buying side and unchanged on selling side in relation to pound sterling. The pound was purchased and sold at Rs 136.70 and Rs 137.50, as compared to overnight closing of Rs 136.50 and Rs 137.50, respectively, they added.
The dollar resumed trading at Rs 85.60 (buying) and Rs 85.80 (selling) against the same last rate. It did not observe further change in the evening session and closed at Rs 85.60 (buying) and Rs 85.80 (selling).
Pound Sterling opened at Rs 136.30 (buying) and Rs 136.70 (selling) against the same previous rate. It did not witness any change in the evening session and closed at Rs 136.30 (buying) and Rs 136.70 (selling).