Strong demand for dollars forced the rupee give up its overnight gains in relation to the greenback on the currency market on Saturday, dealers said. The rupee surrendered its overnight rising tempo, losing 26 paisa versus dollar for buying and selling at 85.01 and 85.06, they said.
The euro temporarily pared losses after Egyptian President Hosni Mubarak stepped down and handed power over to the Supreme Council of the Armed Forces.
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Open Buying Rs 85.20
Open Selling Rs 85.40
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Buying Rs 85.01
Selling Rs 85.06
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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 12.00 13.10 12.10 13.25 12.61
1-Week 11.70 12.95 12.75 13.00 12.60
2-Week 11.90 12.90 12.80 13.00 12.65
1-Month 12.00 12.95 12.90 13.00 12.71
2-Months 12.50 13.20 13.15 13.25 13.03
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 12.00 13.20 12.10 13.25 12.64
1-Week 12.00 13.10 12.75 13.15 12.75
2-Week 12.40 13.10 12.85 13.15 12.88
1-Month 12.60 13.15 13.00 13.20 12.99
2-Months 12.90 13.30 13.25 13.35 13.20
3-Months 13.10 13.50 13.35 13.60 13.39
4-Months 13.25 13.65 13.45 13.75 13.53
5-Months 13.40 13.70 13.50 13.75 13.59
6-Months 13.40 13.75 13.65 13.90 13.68
9-Months 13.50 13.75 13.70 13.90 13.71
1-Year 13.50 13.80 13.75 13.90 13.74
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According to the currency dealers, the dollar showed strength and recovered some of its earlier loss on account of fresh demand. The dollar resumed trading at Rs 85.30 and Rs 85.55, as its buying and selling rates, as compared to overnight closing rates of Rs 85.30 and Rs 85.50, they said.
On the other hand, the rupee depicted mixed trend in relation to the British pound loosing 40-paisa on buying counter (Rs 136.20) and gaining 20-paisa on selling counter (Rs 136.60). At the close of trading the pound was purchased and sold at Rs 136.20 and Rs 136.60, as compared to overnight closing of Rs 135.80 and Rs 136.80, respectively, the dealers added.
The dollar opened at Rs 85.95 (buying) and Rs 86.15 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 85.95 (buying) and Rs 86.15 (selling).
Pound Sterling opened at Rs 136.30 (buying) and Rs 136.70 (selling) against the previous rate. It did not witness any change in the evening session and closed at Rs 136.30 (buying) and Rs 136.70 (selling).