Minor changes were witnessed on the currency market on Monday as the rupee fluctuated marginally versus dollar and euro, dealers said. The rupee fell by three paisa against dollar at 85.52 for buying and shed two paisa for selling at 85.56, they said.
A rise in January US payrolls shown in data released on Friday was much smaller than expected, but traders concluded the figure was affected by severe snow storms and instead focused on a sharp drop in the jobless rate.
Indian rupee was trading at Rs 45.59 versus dollar, Malaysian ringgit was at 3.0380 in terms of the greenback and Chinese yuan was available at 6.5938 against dollar.
The Indian rupee steadied on Monday after rising early, tracking the domestic share market and some dollar inflows, but traders expected it to remain range bound during the day.
At 11:15 am (0545 GMT), the partially convertible rupee was at 45.5550/5600 per dollar, after rising to 45.5350 in early deals. It had ended at 45.60/61 per dollar on Friday.
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Open Buying Rs.85.70
Open Selling Rs.85.80
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Buying Rs.85.52
Selling Rs.85.56
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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 11.25 12.00 11.50 12.25 11.75
1-Week 11.50 12.40 12.30 12.50 12.18
2-Week 11.60 12.65 12.60 12.70 12.39
1-Month 11.85 12.85 12.80 12.90 12.60
2-Months 12.40 13.15 13.15 13.25 12.99
3-Months 12.90 13.25 13.20 13.30 13.16
4-Months 13.00 13.30 13.25 13.35 13.23
5-Months 13.20 13.45 13.40 13.50 13.39
6-Months 13.35 13.50 13.45 13.55 13.46
9-Months 13.40 13.60 13.50 13.65 13.54
1-Year 13.45 13.60 13.55 13.65 13.56
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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 11.25 12.00 11.50 12.25 11.75
1-Week 12.00 12.50 12.50 12.60 12.40
2-Week 12.25 12.75 12.75 12.85 12.65
1-Month 12.40 13.00 12.90 13.10 12.85
2-Months 12.75 13.30 13.25 13.35 13.16
3-Months 13.00 13.40 13.30 13.50 13.30
4-Months 13.10 13.65 13.45 13.75 13.49
5-Months 13.20 13.70 13.50 13.75 13.54
6-Months 13.30 13.75 13.65 13.90 13.65
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 resumed trading at Rs 85.60 and Rs 85.80 as buying and selling rates respectively. It moved up to Rs 85.70 on buying counter while it maintained unchanged at Rs 85.80 on selling counter, dealers said.
Similarly, the rupee remained under pressure on buying side while it stayed unchanged on selling side against pound sterling. The pound was purchased and sold at Rs 137.30 and Rs 138.00 as compared to previous closing of Rs 137.20 and Rs 138.00 respectively, they added.
The dollar opened at Rs 85.90 (buying) and Rs 86.10 (selling) against same last rates. It did not observe further change in the evening session and closed at Rs 85.90 (buying) and Rs 86.10 (selling).
Pound sterling opened at Rs 136.30 (buying) and Rs 136.70 (selling) against same previous rates. It did not witness any change in the evening session and closed at Rs 136.30 (buying) and Rs 136.70 (selling).