Firmness prevailed on the currency market on Tuesday as the rupee struggled to bring back some lustre in process of easy supply of dollars, dealers said. The rupee inched up by one paisa against dollar for buying at 85.84 and it also rose by two paisa for selling at 85.88, they said.
In the second Asian trad dollar held just a yen above its 1995 record low against the Japanese currency on Tuesday, prompting Japanese policy-makers to remind the market that Tokyo might intervene if pushed to stop its currency from rising.
The yuan has generally fallen since the rate increase was announced last Tuesday, pulling back from a 2-plus percent rise from early September to mid-October, its quickest pace of appreciation since its landmark revaluation in July 2005. Interbank buy/sell rates for taka against dollar on Tuesday.: 70.7900/70.8450 (previous 70.65/70.75) Call Money Rates: 4.50-6.00 percent (previous 4.50-6.10) percent).
Indian rupee was trading at Rs 44.35 versus the dollar and Malaysian ringgit was available at 3.096 in terms of the US currency.
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Open Buying Rs 85.90
Open Selling Rs 86.05
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Buying Rs 85.84
Selling Rs 85.88
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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 12.00 13.10 12.40 13.25 12.69
1-Week 11.40 12.25 12.20 12.30 12.04
2-Week 11.50 12.25 12.25 12.35 12.09
1-Month 11.75 12.40 12.30 12.45 12.23
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 12.00 13.10 12.50 13.25 12.71
1-Week 11.50 12.30 12.20 12.35 12.09
2-Week 11.60 12.35 12.20 12.40 12.14
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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The dollar resumed trading at Rs 86.15 (buying) and Rs 86.60 (selling) against the 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 did not observe further change in the last trading hours and closed at Rs 134.00 (buying) and Rs 135.20 (selling).