The rupee was persistently under pressure against dollar and euro on the money market on Tuesday in process of trading, dealers said. The rupee extended its fall in terms of dollar, losing another 10 paisa for buying at 89.90 and shed nine paisa for selling at 89.93, they added.
Reuters adds: In the second Asian trade, euro inched up, but sentiment was fragile as efforts by policymakers to address the debt crisis are falling short of expectations and European Central Bank chief Mario Draghi has been dashing hopes of any aggressive support.
The euro was up 0.3 percent at $1.3033, above an 11-month low of $1.2944 hit last week and a Monday session trough of $1.2983. The dollar was trading versus the Indian rupee at Rs 53.07, it was available against the Malaysian ringgit at 3.1880 and it was at 6.3418 in relation to the Chinese yuan.
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Open Buying Rs 89.90
Open Selling Rs 89.93
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Buying Rs 90.00
Selling Rs 90.20
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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 11.50 11.85 11.70 11.90 11.74
1-Week 11.40 11.70 11.75 11.80 11.66
2-Week 11.50 11.80 11.80 11.85 11.74
1-Month 11.60 11.80 11.80 11.90 11.78
2-Months 11.65 11.85 11.80 11.85 11.79
3-Months 11.70 11.80 11.80 11.85 11.79
4-Months 11.70 11.75 11.80 11.85 11.78
5-Months 11.70 11.80 11.80 11.85 11.79
6-Months 11.65 11.75 11.80 11.85 11.76
9-Months 11.70 11.85 11.85 11.90 11.83
1-Year 11.70 11.85 11.85 11.90 11.83
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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 11.50 11.85 11.70 11.90 11.74
1-Week 11.60 11.80 11.80 11.90 11.78
2-Week 11.65 11.85 11.85 11.95 11.83
1-Month 11.70 11.90 11.90 12.00 11.88
2-Months 11.70 11.90 11.85 12.00 11.86
3-Months 11.80 11.90 11.85 12.00 11.89
4-Months 11.80 11.90 11.90 12.00 11.90
5-Months 11.85 11.90 11.90 12.00 11.91
6-Months 11.85 11.95 11.95 12.00 11.94
9-Months 11.85 12.00 12.00 12.10 11.99
1-Year 11.90 12.00 12.10 12.15 12.04
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According to dealers, dollar closed higher at Rs 90.00 and Rs 90.35 for buying and selling against overnight Rs 89.70 and Rs 90.00, respectively. The rupee also declined against pound sterling, which was purchased and sold at Rs 139.80 and Rs 140.50 as compared to Monday's Rs 138.50 and Rs 139.50, respectively, dealers said.