The rupee drifted lower against dollar, it, however, appreciated versus euro on the currency market on Saturday, dealers said. The rupee fell by 30 paisa in relation to dollar for buying and selling at 85.65 and 85.70, they said.
Uncertainty over the situation in the Middle East and Africa remains high as investors fear the uprising in Libya could spread to other oil-producing countries. A spike in energy prices could weigh on US consumer spending and crimp global economic growth.
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Open Buying Rs 85.45
Open Selling Rs.85.65
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Buying Rs.85.65
Selling Rs.85.70
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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 12.50 13.50 12.75 13.50 13.06
1-Week 11.70 12.95 12.95 13.10 12.68
2-Week 11.80 12.85 12.90 13.00 12.64
1-Month 12.05 12.95 12.95 13.00 12.74
2-Months 12.50 13.15 13.15 13.25 13.01
3-Months 12.90 13.20 13.20 13.30 13.15
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 12.75 13.50 13.00 13.60 13.21
1-Week 12.00 13.10 13.00 13.20 12.83
2-Week 12.40 13.20 13.00 13.25 12.96
1-Month 12.60 13.30 13.10 13.40 13.10
2-Months 12.90 13.40 13.30 13.50 13.28
3-Months 13.10 13.60 13.40 13.70 13.45
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 13.50 13.75 13.70 13.90 13.71
9-Months 13.60 13.80 13.75 13.95 13.78
1-Year 13.50 13.90 13.80 14.00 13.80
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According to the moneychangers, there was no visible change in the dollar's demand and supply situation that helped rupee stability in the open market. The dollar commenced trading at Friday closing of Rs 85.40 and Rs 85.60 on buying and selling sides, respectively. The dollar witnessed fractional change during the day but finally ended at the opening level, the dealers said.
On the contrary, the rupee failed to maintain its day earlier level and lost its worth against the pound sterling. The pound was traded at Rs 137.00 and Rs 138.00, as compared to last day closing of Rs 136.60 and Rs 137.50, respectively, the dealers added.
The dollar opened at Rs 85.90 (buying) and Rs 86.20 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 85.90 (buying) and Rs 86.20 (selling).
Pound Sterling opened at Rs 136.35 (buying) and Rs 136.75 (selling) against the last rate. It did not witness any change in the evening session and closed at Rs 136.35 (buying) and Rs 136.75 (selling).