The rates moved both ways on the currency market on Monday in process of trading, dealers said. The rupee rose by five paisa at 85.85 against dollar for buying and it also gained four paisa for selling at 85.90, they said. In the first Asian trade dollar slid broadly as investors interpreted a Group of 20 agreement to shun competitive currency devaluation as a green light to resume dollar selling.
The partially convertible rupee closed at 44.35-36 per dollar, half a percent stronger than 44.59-60 at close on Friday when it dropped 0.65 percent, in its biggest one-day fall since early September. "The dollar-rupee is bouncing end-to-end from sell zone of 44.55-44.65 and buy zone of 44.25-44.35," said J. Moses Harding, head of global markets at IndusInd Bank in Mumbai.
Interbank buy/sell rates for taka against dollar on Monday: 70.65/70.75 (previous 70.57/70.60) Call Money Rates: 4.50-6.10 percent (previous 4.00-6.10 percent). Malaysian ringgit was trading at 3.0930 versus dollar and Chinese yuan was available at 6.6548 in terms of the greenback.
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Open Buying Rs 85.95
Open Selling Rs 86.10
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Buying Rs 85.85
Selling Rs.85.90
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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 11.75 12.75 11.90 13.00 12.35
1-Week 11.25 12.10 12.00 12.20 11.89
2-Week 11.25 12.20 12.15 12.25 11.96
1-Month 11.60 12.35 12.30 12.45 12.18
2-Months 12.20 12.50 12.45 12.60 12.44
3-Months 12.30 12.65 12.60 12.75 12.58
4-Months 12.50 12.75 12.75 12.80 12.70
5-Months 12.55 12.90 12.85 13.00 12.83
6-Months 12.60 12.90 12.80 13.00 12.83
9-Months 12.70 13.00 12.95 13.10 12.94
1-Year 12.80 13.00 13.00 13.15 12.99
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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 11.75 12.75 12.00 13.00 12.38
1-Week 11.40 12.15 12.10 12.25 11.98
2-Week 11.50 12.30 12.20 12.40 12.10
1-Month 12.20 12.50 12.40 12.60 12.43
2-Months 12.40 12.75 12.70 12.85 12.68
3-Months 12.50 13.10 12.90 13.25 12.94
4-Months 12.60 13.15 13.00 13.25 13.00
5-Months 12.70 13.20 13.10 13.30 13.08
6-Months 12.80 13.25 12.90 13.35 13.08
9-Months 12.90 13.30 13.10 13.40 13.18
1-Year 13.10 13.40 13.20 13.45 13.29
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On the other hand, the rupee remained firm on buying side while it appreciated by 50 paisa on selling side in relation to pound. At the end of trading, the pound's buying rate remained intact at Friday's Rs 134.50 while its selling rate declined from Rs 135.50 to Rs 135.00, dealers said.
The dollar resumed trading at Rs 86.15 (buying) and Rs 86.60 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 86.15 (buying) and Rs 86.60 (selling).
Pound sterling opened at Rs 134.00 (buying) and Rs 135.20 (selling) in the morning session. It also did not observe any change in the last trading hours and closed at Rs 134.00 (buying) and Rs 135.20 (selling).