The rupee, somehow, managed to hold its overnight levels against dollar and euro on the currency market on Saturday, dealers said.
At the weekend dollar eased to a four-month low against major currencies and looked set to extend losses after a solid US February jobs report did little to alter expectations for Federal Reserve monetary policy.
The euro broke above the psychologically important $1.40 level and headed for its biggest weekly rise in six weeks. The single currency is on course to make a run toward $1.4283 -- a key resistance level touched last November -- after European Central Bank President Jean-Claude Trichet hinted on Thursday at an April interest rate rise.
The rupee did the same in terms of euro for buying and selling at Rs 118.90 and Rs 119.40, they said.
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Open Buying Rs 85.40
Open Selling Rs.85.55
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Buying Rs.85.40
Selling Rs.85.45
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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 12.25 13.00 12.50 13.25 12.75
1-Week 11.50 12.85 12.80 12.90 12.51
2-Week 11.60 12.90 12.90 13.00 12.60
1-Month 11.90 12.95 12.90 13.00 12.69
2-Months 12.35 13.15 13.15 13.25 12.98
3-Months 12.40 13.20 13.20 13.30 13.03
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 12.25 13.10 12.50 13.25 12.78
1-Week 12.00 12.95 12.90 13.10 12.74
2-Week 12.40 13.00 13.00 13.15 12.89
1-Month 12.60 13.15 13.00 13.25 13.00
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, the dollar resumed trading at its overnight closing of Rs 85.40 and Rs 85.65 on buying and selling sides, respectively. The dollar witnessed no change in its buying rate during the trading that stayed unchanged at Rs 85.40, while its selling rate was declined from the day earlier closing of Rs 85.65 to Rs 85.60, they said.
Similarly, the rupee maintained its last day position and remained unchanged against the pound sterling. The pound was traded at Friday closing of Rs 138.50 and Rs 139.20, respectively, the moneychangers added.
The dollar opened at Rs 85.95 (buying) and Rs 86.20 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 85.95 (buying) and Rs 86.20 (selling).
Pound Sterling opened at Rs 136.30 (buying) and Rs 136.75 (selling) against same previous rate. It did not witness any change in the evening session and closed at Rs 136.30 (buying) and Rs 136.75 (selling)