Balanced demand and supply helped the rupee to retain its overnight levels against dollar on the local currency market on Tuesday, dealers said. On the interbank market the rupee maintained its overnight levels against dollar for buying and selling at 85.72 and 85.76, marketmen said.
In the second Asian trade dollar staged a rebound against major currencies as traders pared short positions on looming uncertainty over whether the US Federal Reserve will start a new phase of quantitative easing to deal with a slowing economy. Much uncertainty surrounds the Federal Reserve's policy meeting on Tuesday with the market deeply divided over what the Fed might do, beyond a rough agreement that it will sound more cautious on the recovery. The Indian rupee fell to its lowest level in more than a week on Tuesday as investors unwound short dollar positions globally ahead of the US Federal Reserve's policy decision.
Market players expect a dovish tone from the Fed but are divided as to how far it would go to back up its words with action. Spot yuan ended down against dollar on Tuesday as the US currency rebounded globally and the central bank fixed a weaker mid-point, but dollar/yuan offshore forwards were flat, paring the day's early gains.
One-month dollar/yuan non-deliverable forwards NDFs erased all of Monday's losses and look set to snap a three-day falling streak as investors cover short positions before a US Federal Reserve decision later in the day. Interbank buy/sell rates for the taka against the dollar on Tuesday. 69.41/69.46 (previous 69.41/69.45) Call Money Rates: 5.00-7.50 percent (previous 4.25-7.50 percent).

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Open Buying      Rs 85.65
Open Selling     Rs 85.85
=========================

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Buying           Rs 85.72
Selling          Rs 85.76
=========================
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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    10.25     11.75       10.50       12.00        11.13
1-Week       11.50     12.00       12.00       12.20        11.93
2-Week       11.60     12.25       12.15       12.30        12.08
1-Month      11.70     12.30       12.35       12.40        12.19
2-Months     11.85     12.35       12.30       12.40        12.23
3-Months     12.05     12.40       12.35       12.45        12.31
4-Months     12.10     12.40       12.35       12.45        12.33
5-Months     12.10     12.45       12.40       12.60        12.39
6-Months     12.25     12.50       12.45       12.60        12.45
9-Months     12.25     12.50       12.45       12.60        12.45
1-Year       12.30     12.60       12.50       12.70        12.53
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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    10.25     11.75       10.50       12.00        11.13
1-Week       11.90     12.25       12.10       12.35        12.15
2-Week       11.90     12.30       12.20       12.40        12.20
1-Month      12.20     12.50       12.40       12.60        12.43
2-Months     12.25     12.80       12.50       12.90        12.61
3-Months     12.30     12.90       12.60       13.25        12.76
4-Months     12.30     12.90       12.60       13.25        12.76
5-Months     12.35     13.00       12.70       13.25        12.83
6-Months     12.40     13.10       12.75       13.30        12.89
9-Months     12.50     13.20       12.75       13.35        12.95
1-Year       12.60     13.25       12.80       13.40        13.01
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