All-round declines were seen on the currency market on Friday in process of trading, dealers said. The rupee lost 13 paisa against dollar for buying at 86.90 and shed 12 paisa for selling at 86.95 due to strong demand, they said.
The greenback was also under pressure from the Australian dollar which gained on the Australian central bank chief's upbeat remarks about the country's economy, soothing worries over deep interest rate cuts. Markets started the week thinking Bernanke may announce a third round of asset purchases or some other extraordinary policy later on Friday in a speech in Jackson Hole, Wyoming, pressuring the dollar. But this view has changed, giving the US currency a broad boost on Thursday.
The US currency was at Rs 46.04 Indian rupee, the greenback was trading at 2.9880 in relation to Malaysian ringgit and the dollar was available at 6.390 Chinese yuan.
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Open Buying Rs 86.90
Open Selling Rs 86.95
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Buying Rs 86.60
Selling Rs 86.80
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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 10.50 13.00 10.50 13.20 11.80
1-Week 12.50 13.20 13.00 13.30 13.00
2-Week 12.50 13.20 13.10 13.30 13.03
1-Month 12.90 13.10 13.20 13.30 13.13
2-Months 13.00 13.10 13.20 13.30 13.15
3-Months 13.00 13.15 13.25 13.30 13.18
4-Months 13.00 13.20 13.25 13.30 13.19
5-Months 13.00 13.20 13.25 13.30 13.19
6-Months 13.05 13.20 13.25 13.30 13.20
9-Months 13.15 13.25 13.35 13.40 13.29
1-Year 13.20 13.30 13.35 13.40 13.31
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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 10.50 13.00 10.60 13.25 11.84
1-Week 12.50 13.15 13.05 13.30 13.00
2-Week 12.50 13.25 13.15 13.35 13.06
1-Month 12.90 13.10 13.25 13.35 13.15
2-Months 13.05 13.15 13.30 13.35 13.21
3-Months 13.05 13.15 13.30 13.35 13.21
4-Months 13.00 13.20 13.30 13.35 13.21
5-Months 13.00 13.20 13.30 13.40 13.23
6-Months 13.05 13.20 13.30 13.40 13.24
9-Months 13.15 13.25 13.40 13.40 13.30
1-Year 13.20 13.30 13.40 13.45 13.34
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On the contrary, the rupee maintained upward slide for the third consecutive day and appreciated its worth against the British pound. The pound was purchased and sold at Rs 141.50 and Rs 142.00, as compared to day earlier closing of Rs 142.00 and Rs 142.50, respectively, the dealers added.
The dollar opened at Rs 86.05 (buying) and Rs 86.35 (selling) against the last week's rate. It did not observe further change in the second session and closed at Rs 86.05 (buying) and Rs 86.35 (selling).
Pound Sterling opened at Rs 138.35 (buying) and Rs 138.50 (selling) against the overnight value. British currency did not observe further change in the evening session and closed at Rs 138.35 (buying) and Rs 138.50 (selling).