In the pre-budget session, the rupee trimmed some gains against dollar due to higher demand for the greenback on the money market on Thursday, money experts said. The rupee failed to retain its level against dollar due to strong demand for the US currency, shedding seven paisa for buying and selling at 85.94 and 85.98, they said.
Interbank buy/sell rates for taka against dollar on Thursday: 73.59/73.73 (previous 73.55/73.65). Call Money Rates: 7.00-12.00 percent (previous 6.00-12.00 percent). The yuan ended down slightly against dollar after the People's Bank of China set a weaker mid-point following five days of record high fixings, reflecting its intention to let the yuan take a breather. Indian rupee was trading at Rs 44.84 versus dollar and Malaysian ringgit was available at 3.0200 in terms of the US currency.
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Open Buying Rs 86.10
Open SELLING Rs 86.30
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Buying Rs 85.94
Selling Rs 85.98
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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 12.50 11.20 12.75 11.89
1-Week 12.25 12.90 13.00 13.10 12.81
2-Week 12.50 13.10 13.15 13.20 12.99
1-Month 12.75 13.20 13.15 13.25 13.09
2-Months 12.85 13.25 13.25 13.35 13.18
3-Months 12.90 13.30 13.30 13.35 13.21
4-Months 13.00 13.30 13.30 13.35 13.24
5-Months 13.10 13.35 13.35 13.40 13.30
6-Months 13.25 13.45 13.40 13.50 13.40
9-Months 13.30 13.60 13.60 13.70 13.55
1-Year 13.40 13.65 13.65 13.75 13.61
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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 12.60 11.20 12.75 11.91
1-Week 12.35 13.00 13.10 13.25 12.93
2-Week 12.75 13.20 13.20 13.30 13.11
1-Month 12.90 13.25 13.25 13.35 13.19
2-Months 13.00 13.40 13.30 13.45 13.29
3-Months 13.10 13.45 13.30 13.50 13.34
4-Months 13.10 13.45 13.40 13.50 13.36
5-Months 13.25 13.50 13.40 13.60 13.44
6-Months 13.30 13.60 13.45 13.65 13.50
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, the dollar commenced trading at its Wednesday closing of Rs 86.10 and Rs 86.35, as its buying and selling rates, respectively. Because of invisible change in the dollar's demand and supply situation, the dollar was closed at the opening levels, the dealers said.
However, the rupee recovered some of its earlier loss and appreciated its worth on buying side, while it remained unchanged on selling side in relation to the pound sterling. The pound was purchased and sold at Rs 140.50 and Rs 141.50, as compared to day earlier closing of Rs 140.90 and Rs 141.50 respectively, the dealers added.
The dollar resumed trading at Rs 85.60 (buying) and Rs 85.80 (selling) against the last rate. 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) against the previous rate. It did not witness any change in the evening session and closed at Rs 136.30 (buying) and Rs 136.70 (selling).