Mixed trend was seen on the currency market on Monday as the rupee moved both sides versus dollar in process of trading, experts said. The rupee drifted lower in relation to dollar, losing 23 paisa for buying at 84.50 and it also lost 25 paisa for selling at 84.55, they said.
Market players are looking to a news conference by Chairman Ben Bernanke planned on Wednesday after the central bank's two-day policy meeting -- the first regularly scheduled news briefing by a Fed chief in the central bank's 97-year history -- to see how the Fed plans to seek an exit from its easy monetary policy.
Inter-bank buy-sell rates for taka against dollar on Monday : 72.82/72.90 (previous 72.80/72.85). Call Money Rates: 5.50-10.00 percent (previous 6.00-12.00 percent).
Indian rupee was trading at Rs 44.33 versus dollar, Malaysian ringgit was at 2.9950 in relation to the greenback and Chinese yuan trading at 6.5141 in terms of the greenback.
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Open Buying Rs 84.20
Open Selling Rs.84.35
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Buying Rs.84.50
Selling Rs.84.55
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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 11.75 11.20 12.00 11.51
1-Week 11.50 12.40 12.40 12.50 12.20
2-Week 11.60 12.65 12.60 12.70 12.39
1-Month 11.90 12.85 12.85 12.95 12.64
2-Months 12.40 13.10 13.10 13.20 12.95
3-Months 12.90 13.20 13.20 13.25 13.14
4-Months 13.00 13.25 13.30 13.35 13.23
5-Months 13.20 13.35 13.35 13.40 13.33
6-Months 13.35 13.50 13.45 13.55 13.46
9-Months 13.40 13.60 13.50 13.65 13.54
1-Year 13.45 13.60 13.55 13.65 13.56
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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 11.75 11.25 12.00 11.53
1-Week 12.25 12.50 12.50 12.60 12.46
2-Week 12.40 12.75 12.75 12.85 12.69
1-Month 12.70 13.00 12.90 13.10 12.93
2-Months 13.00 13.20 13.20 13.30 13.18
3-Months 13.10 13.30 13.30 13.40 13.28
4-Months 13.25 13.50 13.40 13.60 13.44
5-Months 13.40 13.60 13.45 13.65 13.53
6-Months 13.45 13.65 13.55 13.75 13.60
9-Months 13.50 13.70 13.60 13.75 13.64
1-Year 13.50 13.75 13.60 13.90 13.69
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According to the currency dealers, there was no change in the dollar's supply. As a result, the dollar's buying rate remained intact at its last week closing of Rs 84.25 while because of slight increase in the dollar's demand, its rate moved up from Rs 84.45 to Rs 84.50.
However, the rupee remained under pressure and lost its value against the pound sterling. The pound was purchased and sold at Rs 138.50 and Rs 139.20 as compared to previous closing of Rs 138.30 and Rs 138.70, respectively, the dealers said.
The dollar resumed trading at Rs 85.15 (buying) and Rs 85.50 (selling) against the same last rate. It did not observe further change in the evening session and closed at Rs 85.15 (buying) and Rs 85.50 (selling).
Pound Sterling opened at Rs 136.35 (buying) and Rs 137.55 (selling) against the same previous rate. It did not witness any change in the evening session and closed at Rs 136.35 (buying) and Rs 137.55 (selling).