THE RUPEE: dollar higher

The dollar is still riding over the rupee's weakness on the currency market on Monday, dealers said. The rupee extended its fall versus the dollar, slipping eight paisa for buying and selling at 87.36 and 87.41, they said. Higher payment requirements pushed the dollar rates up and it looks that the US currency may go up further in the coming days, they said.
Data last Friday showed US employment growth ground to a halt in August, while the European debt crisis continued to fester with Greece and its international lenders now at odds over whether it has met conditions for a new aid tranche. "Concern about high debt in Europe has resurfaced, and those poor payrolls results certainly got people worried about the US economy and the global economy as well, that's seen pressure on the euro and Aussie. I think that'll continue for the first half of the week," said Joseph Capurso, strategist at Commonwealth Bank in Sydney.
The euro fell 0.3 percent to $1.4164, after briefly dropping to $1.41367, its lowest since August 11, with the next target seen at $1.4110, a 61.8 percent retracement of its rise in July-August. That helped drive the dollar index back to one-month highs.
China's yuan ended slightly weaker against dollar on Monday after the People's Bank of China set a weaker mid-point amid a strengthening dollar due to mounting concerns over the euro zone debt crisis and a darkening US economic outlook. Dollar was available against the Indian rupee at Rs 45.78 and the US currency was at 2.9735 versus the Malaysian ringgit.

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Open Buying     Rs 86.90
Open Selling    Rs.87.10
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Buying          Rs.87.36
Selling         Rs.87.41
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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    13.00      13.40      13.15        13.40       13.24
1-Week       13.15      13.25      13.25        13.30       13.24
2-Week       13.10      13.25      13.25        13.30       13.23
1-Month      13.00      13.15      13.20        13.30       13.16
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    13.00      13.45      13.20        13.45       13.28
1-Week       13.15      13.30      13.35        13.40       13.30
2-Week       13.10      13.15      13.20        13.35       13.20
1-Month      13.00      13.20      13.25        13.35       13.20
2-Months     13.05      13.20      13.30        13.35       13.23
3-Months     13.05      13.20      13.30        13.35       13.23
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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