Marginal changes were seen on the currency market on Thursday in process of persisting demand for dollars to clear year-end payments, dealers said. The rupee continued its fall versus dollar, losing one paisa for buying at 85.74 and it also dropped by two paisa for selling at 85.78, they said.
The euro's woes continue to dominate currency markets, with the single currency pressured by fears the euro zone debt crisis will rumble on in 2011. The euro fell to an all-time low of A$1.3061, having shed more than three percent from last Friday's intraday high and has breached new lows every day this week. The Malaysian ringgit gained 0.5 percent against dollar in thin trade on the back of repatriation flows and some dollar offers ahead of the Christmas and New Year holidays.
But its gains were limited on importers' dollar demand for settlements. "We could see continued inflows pushing the ringgit towards 3.1000 eventually," a Kuala Lumpur-based dealer said. Indian rupee was trading at Rs 45.00 versus dollar and Chinese yuan was trading at 6.6416 in relation to the greenback. Interbank buy/sell rates for taka against dollar on Thursday: 70.69/70.70 (previous 70.68/70.70) Call Money Rates: 15.00-25.00 percent (previous 9.0-30.00 percent.
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Open Buying Rs 85.60
Open Selling Rs 85.75
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Buying Rs 85.74
Selling Rs 85.78
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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 13.25 13.90 13.50 13.90 13.64
1-Week 11.50 12.90 12.90 13.10 12.60
2-Week 11.60 12.90 12.90 13.00 12.60
1-Month 11.90 12.90 12.90 13.00 12.68
2-Months 12.20 13.00 12.80 13.10 12.78
3-Months 12.55 13.10 13.05 13.20 12.98
4-Months 12.70 13.10 13.10 13.25 13.04
5-Months 12.75 13.20 13.20 13.35 13.13
6-Months 13.00 13.30 13.25 13.40 13.24
9-Months 13.10 13.40 13.30 13.60 13.35
1-Year 13.25 13.50 13.40 13.60 13.44
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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 13.25 13.90 13.50 13.95 13.65
1-Week 12.00 13.25 13.10 13.25 12.90
2-Week 12.25 13.20 13.00 13.30 12.94
1-Month 12.50 13.10 13.00 13.25 12.96
2-Months 12.75 13.40 13.20 13.50 13.21
3-Months 12.80 13.50 13.25 13.75 13.33
4-Months 12.90 13.50 13.30 13.75 13.36
5-Months 13.00 13.50 13.40 13.75 13.41
6-Months 13.10 13.60 13.40 13.90 13.50
9-Months 13.25 13.60 13.50 13.90 13.56
1-Year 13.25 13.75 13.60 14.00 13.65
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The US dollar showed strength and recovered its earlier loss on account of increasing demand, the currency dealers said. The dollar resumed trading at Rs 85.50 and Rs 85.75 as its buying and selling rates and with improvement on both the counters at Rs 85.65 and Rs 85.80, respectively, they added.
On the contrary, the rupee posted gain against the pound sterling which remained under pressure due to lacking buying support. The pound's buying and selling rates were decreased from overnight closing of Rs 133.30 and Rs 134.30 to Rs 132.50 and Rs 133.50 respectively, the dealers added.
The dollar resumed trading at Rs 85.50 (buying) and Rs 85.80 (selling) against last rate of Rs 86.20 (buying) and Rs 86.30 (selling). It did not observe further change in the evening session and closed at Rs 85.50 (buying) and Rs 85.80 (selling).
Pound Sterling opened at Rs 136.20 (buying) and Rs 136.60 (selling) in the morning session. It did not observe further change in the last trading hours and closed at Rs 136.20 (buying) and Rs 136.60 (selling).