Firmness prevailed on the local currency market on Monday as the rupee stood firm versus dollar, dealers said. On the interbank market the rupee did not show any change at 85.60 and it inched up after gain one paisa for selling at 85.64, they said.
The rupee, somehow, maintained its weekend levels on the back of easy supply of dollars, marketmen said. In the first Asian trade euro pulled back from two-month highs, as investors booked profits on its rally while lingering concerns about Europe's sovereign debt problems looked likely to keep a lid on future gains.
High-yielding currencies like the Australian and New Zealand dollars were also under pressure as subdued US data and falling equities led investors to shun risky trades. The Indian rupee fell to its lowest level in two weeks weighed down by dollar demand from two large corporates and a sharp fall in the offshore forward rupee.
The partially convertible rupee closed at 47.12/13 per dollar, after hitting 47.13, which was its weakest since July 7, and 0.7 percent below Friday's close on 46.80/81. The yuan closed lower against dollar after the Chinese central bank fixed a weaker mid-point, reflecting a global rebound in dollar but also indicating its reluctance to let yuan appreciate too far, too fast.
Dollar/yuan offshore forwards rose in late trade, reflecting trimmed-down expectations of yuan appreciation, after the People's Bank of China set the yuan's reference rate against dollar at a weaker-than-expected 6.7800, down sharply from Friday's 6.7718. Interbank buy/sell rates for the taka against dollar on Monday. 69.40/69.42 (previous 69.40/69.42). Call Money Rates: 2.50-3.00 percent (previous 2.50-3.00 percent).

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Open Buying      Rs 85.70
Open Selling     Rs.85.85
=========================

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Buying           Rs.85.60
Selling          Rs.85.64
=========================
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Repo Rates (Yield p a)
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Tenor      Low Bid   High Bid   Low Offer   High Offer    Average
=================================================================
Overnight    11.75     12.30      11.90        12.40        12.09
1-Week       11.00     12.00      12.00        12.05        11.76
2-Week       11.10     12.00      12.00        12.10        11.80
1-Month      11.25     12.05      12.00        12.10        11.85
2-Months     11.45     12.05      12.00        12.10        11.90
3-Months     11.75     12.10      12.10        12.15        12.03
4-Months     11.75     12.10      12.10        12.20        12.04
5-Months     11.75     12.15      12.10        12.25        12.06
6-Months     11.95     12.15      12.10        12.25        12.11
9-Months     11.90     12.15      12.10        12.25        12.10
1-Year       12.00     12.20      12.10        12.30        12.15
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Call Rates (Yield p a)
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Tenor      Low Bid   High Bid    Low Offer  High Offer    Average
=================================================================
Overnight    11.75     12.30      12.00        12.40        12.11
1-Week       11.25     12.15      12.10        12.25        11.94
2-Week       11.50     12.20      12.10        12.25        12.01
1-Month      11.75     12.20      12.10        12.25        12.08
2-Months     12.00     12.15      12.15        12.25        12.14
3-Months     12.00     12.25      12.10        12.30        12.16
4-Months     12.00     12.25      12.15        12.30        12.18
5-Months     12.10     12.25      12.20        12.30        12.21
6-Months     12.10     12.30      12.20        12.35        12.24
9-Months     12.15     12.35      12.25        12.45        12.30
1-Year       12.15     12.40      12.25        12.50        12.33
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