Slight fluctuations were seen on the currency market on Monday in process of trading, dealers said. The rupee shed three paisa against dollar for buying at 85.51 and slipped by two paisa for selling at 85.56, they said.
Traders suspect a large portion of the bets against euro were cleared in a big bout of short-covering last week, suggesting limited gains in the near-term.
Malaysian ringgit was at 3.0550 versus dollar and Chinese yuan was trading at 6.592 in relation to the greenback. The Indian rupee hit its lowest level in a month on Monday tracking weak regional peers and a choppy domestic share market, which raised concerns foreign funds would continue to repatriate funds.
At 10:20 am (0450 GMT), the partially convertible rupee was at 45.50/51 per dollar, after hitting 45.50, its lowest since December 20 and 0.3 percent below its close of 45.37/38 on Friday.
Inter-bank buy/sell rates for taka against dollar on Monday: 71.05/71.05 (previous 71.05/71.05). Call Money Rates: 8.00-15.00 percent (previous 8.00-15.00 percent).
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Open Buying Rs 85.51
Open Selling Rs 85.56
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Buying Rs 85.95
Selling Rs 86.15
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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 12.50 13.25 12.75 13.50 13.00
1-Week 11.55 13.00 12.90 13.10 12.64
2-Week 11.65 12.90 12.95 13.05 12.64
1-Month 11.90 12.90 12.95 13.00 12.69
2-Months 12.40 13.10 13.00 13.20 12.93
3-Months 12.80 13.15 13.15 13.30 13.10
4-Months 12.90 13.20 13.20 13.30 13.15
5-Months 13.00 13.25 13.25 13.40 13.23
6-Months 13.25 13.45 13.30 13.50 13.38
9-Months 13.25 13.60 13.60 13.75 13.55
1-Year 13.35 13.65 13.70 13.80 13.63
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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 12.50 13.30 12.75 13.50 13.01
1-Week 12.25 13.10 12.95 13.20 12.88
2-Week 12.35 13.15 13.00 13.25 12.94
1-Month 12.40 13.20 12.95 13.25 12.95
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 13.65 13.90 13.64
9-Months 13.30 13.75 13.70 13.90 13.66
1-Year 13.40 13.80 13.75 13.90 13.71
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According to moneychangers, the dollar supply and demand situation remained intact at Saturday's level which helped the rupee to stabilise its worth. The dollar was purchased and sold at Saturday's closing rates of Rs 86.10 and Rs 86.30, respectively.
Likewise the rupee showed stability and remained unchanged on buying counter while appreciated its worth on selling counter in relation to pound. The pound was traded at Rs 135.50 and Rs 136.00 as its buying and selling rates as compared to previous closing of Rs 135.50 and Rs 136.50, respectively, dealers said.
The dollar resumed trading at Rs 85.60 (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 85.60 (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).