The rupee surrendered its overnight gains versus dollar and euro on the currency market on Friday, dealers said. The rupee lost 36 paisa in relation to the US currency for buying at 85.10 and fell by 37 paisa for selling at 85.15, market-men said. Payment requirement pushed up US dollar demand and this factor caused decline in the rupee's value. As a result of high demand for dollar, country's foreign exchange reserves also fell to 17.01 billion dollars, they added.
The yuan ended up slightly against dollar on Friday, paring the morning's losses as the dollar index dropped during early European trade.
Dealers said investors were adopting a wait-and-see attitude and dollar's performance would likely guide the Chinese currency's movements in the near term as the People's Bank of China would take time to observe the effects of a series of record highs.
Indian rupee was trading at Rs 44.98 versus dollar and Malaysian Ringgit was at 3.0090 in terms of the US currency.
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Open Buying Rs 85.10
Open Selling Rs 85.15
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Buying Rs 85.10
Selling Rs 85.30
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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 13.75 12.25 13.90 12.98
1-Week 11.50 12.60 12.30 12.65 12.26
2-Week 11.70 12.65 12.50 12.75 12.40
1-Month 11.75 12.80 12.80 12.90 12.56
2-Months 12.40 12.90 12.85 13.00 12.79
3-Months 12.75 13.00 13.00 13.10 12.96
4-Months 12.90 13.10 13.10 13.20 13.08
5-Months 13.00 13.35 13.25 13.40 13.25
6-Months 13.20 13.35 13.30 13.40 13.31
9-Months 13.25 13.50 13.50 13.60 13.46
1-Year 13.40 13.60 13.50 13.65 13.54
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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 13.75 12.25 13.90 12.98
1-Week 11.75 12.60 12.30 12.70 12.34
2-Week 12.00 12.80 12.60 12.90 12.58
1-Month 12.40 12.90 12.85 13.00 12.79
2-Months 12.90 13.10 13.10 13.20 13.08
3-Months 13.10 13.25 13.20 13.35 13.23
4-Months 13.10 13.35 13.25 13.45 13.29
5-Months 13.25 13.45 13.35 13.55 13.40
6-Months 13.30 13.50 13.40 13.60 13.45
9-Months 13.50 13.65 13.60 13.70 13.61
1-Year 13.50 13.75 13.60 13.85 13.68
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The dollar resumed trading at Rs 85.00 (buying) and Rs 85.05 (selling) against overnight rates of Rs 84.90 and Rs 85.05. In the wake of fresh buying activity the dollar moved up and closed at Rs 85.10 and Rs 85.20 on buying and selling counters, respectively.
Likewise, British pound also improved its worth against the local currency. The pound was purchased and sold at Rs 138.90 and Rs 139.40 as against Thursday's Rs 138.50 and Rs 139.20.
The dollar resumed trading at Rs 84.40 (buying) and Rs 85.00 (selling) against same last rates. It did not observe further change in the evening session and closed at Rs 84.40 (buying) and Rs 85.00 (selling).
Pound sterling opened at Rs 136.50 (buying) and Rs 137.50 (selling) against same previous rates. It did not witness any change in the evening session and closed at Rs 136.50 (buying) and Rs 137.50 (selling).