Steady trend was seen on the currency market on Wednesday as the rupee, somehow, resisted fall versus dollar, dealers said. The rupee was higher by four paisa against dollar for buying and selling at 85.69 and 85.73, they said.
Interbank buy/sell rates for taka against dollar on Wednesday: 71.00/71.00 (previous 71.00/71.00) Call Money Rates: 10.00-15.00 percent (previous 13.00-15.00 percent).
The yuan ended up on dollar as the People's Bank of China set its reference rate at a record high, kicking off a new leg of appreciation for the yuan ahead of President Hu Jintao's visit to the United States. But the central bank was apparently careful not to fan excessive hopes of how much the yuan can appreciate as it did not let the yuan's mid-point breach the psychologically important 6.60 against dollar, with traders citing concerns over capital inflows as one of the key factors.
Indian rupee was trading at Rs 45.15 versus dollar and Malaysian ringgit was available at 3.0625 in relation to the US currency and Chinese yuan was at 6.609 versus the greenback.
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Open Buying Rs 85.69
Open Selling Rs 85.73
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Buying Rs 85.85
Selling Rs 86.00
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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 11.10 11.50 11.15 11.60 11.34
1-Week 11.50 12.30 12.20 12.35 12.09
2-Week 11.55 12.50 12.60 12.65 12.33
1-Month 11.90 12.80 12.80 12.85 12.59
2-Months 12.25 13.00 12.90 13.10 12.81
3-Months 12.70 13.10 13.10 13.20 13.03
4-Months 12.70 13.15 13.10 13.25 13.05
5-Months 12.75 13.20 13.20 13.35 13.13
6-Months 13.25 13.40 13.30 13.45 13.35
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 11.10 11.50 11.15 11.60 11.34
1-Week 11.75 12.35 12.25 12.40 12.19
2-Week 12.25 12.60 12.70 12.75 12.58
1-Month 12.40 12.90 12.90 13.00 12.80
2-Months 12.75 13.25 13.25 13.40 13.16
3-Months 12.90 13.40 13.25 13.50 13.26
4-Months 12.90 13.50 13.30 13.60 13.33
5-Months 13.00 13.50 13.40 13.75 13.41
6-Months 13.30 13.70 13.50 13.90 13.60
9-Months 13.25 13.60 13.50 13.90 13.56
Year 13.25 13.75 13.60 14.00 13.65
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According to the currency dealers, the dollar's supply and demand situation remained intact at the overnight level that helped the local currency to maintain its worth in the local currency markets. The dollar resumed trading at Rs 86.00 and Rs 86.20, as its buying and selling rates, respectively, they added.
On the other hand, local currency remained under pressure against the pound sterling. The pound was purchased and sold at Rs 133.70 and Rs 134.50, as compared to overnight closing rates of Rs 133.00 and Rs 134.00, respectively, they dealers said.
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 136.30 (buying) and Rs 136.70 (selling) in the morning session. It did not observe further change in the last trading hours and closed at Rs 136.30 (buying) and Rs 136.70 (selling).