All-round slide was seen on the currency market on Friday as the rupee came down versus dollar and euro, experts said. The rupee extended it fall in relation to dollar, losing eight paisa for buying at 85.80 and shed 10 paisa for selling at 85.85, they said.
The euro bounced off the previous day's low following news that Greece had reached a deal with international lenders on an austerity plan that would bring it one step closer to securing much-needed financial aid. But euro later lost steam, with the single currency last standing at $1.4255, little changed from late US trading on Thursday, its earlier bounce having stalled just below resistance near $1.4286.
Indian rupee was at Rs 44.95 versus dollar, Malaysian ringgit was available at 3.0325 in terms of the greenback and Chinese yuan was trading at 6.4715 versus the US currency.
========================
Open Buying Rs 85.80
Open Selling Rs 85.85
========================
========================
Buying Rs 86.00
Selling Rs 86.20
========================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 12.00 13.25 12.25 13.50 12.75
1-Week 12.25 13.25 13.20 13.30 13.00
2-Week 12.50 13.25 13.25 13.30 13.08
1-Month 12.75 13.25 13.25 13.30 13.14
2-Months 12.80 13.30 13.30 13.35 13.19
3-Months 12.90 13.35 13.35 13.45 13.26
4-Months 13.00 13.40 13.35 13.45 13.30
5-Months 13.10 13.40 13.40 13.50 13.35
6-Months 13.25 13.50 13.50 13.60 13.46
9-Months 13.30 13.60 13.60 13.70 13.55
1-Year 13.40 13.65 13.65 13.75 13.61
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 12.00 13.25 12.25 13.50 12.75
1-Week 12.50 13.30 13.25 13.40 13.11
2-Week 12.75 13.40 13.40 13.50 13.26
1-Month 13.00 13.40 13.40 13.50 13.33
2-Months 12.95 13.50 13.45 13.60 13.38
3-Months 13.10 13.50 13.45 13.60 13.41
4-Months 13.10 13.50 13.50 13.65 13.44
5-Months 13.25 13.55 13.50 13.65 13.49
6-Months 13.30 13.60 13.50 13.65 13.51
9-Months 13.50 13.70 13.60 13.75 13.64
1-Year 13.50 13.75 13.60 13.90 13.69
=================================================================
According to the moneychangers, the dollar's demand remained intact that helped its appreciation in the open market. The dollar was marginally closed higher at Rs 85.05 and Rs 86.25 against the Thursday closing of Rs 86.00 and Rs 86.20, as its buying and selling rates, respectively.
Similarly, the rupee remained under pressure and declined against the pound sterling. The pound was purchased and sold at Rs 138.20 and Rs 139.20, as compared to Thursday closing of Rs 138.00 and Rs 139.00, respectively, the dealers said.
The dollar opened at Rs 85.70 (buying) and Rs 85.80 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 85.70 (buying) and Rs 85.80 (selling).
Pound Sterling opened at Rs 138.40 (buying) and Rs 138.50 (selling) against the overnight value. It did not observe further change in the evening session and closed at Rs 138.40 (buying) and Rs 138.50 (selling).