THE RUPEE: dollar crosses 86 in interbank deals

28 Jun, 2011

Extended demand for dollars kept the rupee under pressure on the local currency market on Monday, experts said. The rupee shed 14 paisa against dollar for buying at 86.09 and 13 paisa for selling at 86.12, they said.
Investors have been selling euro and buying back dollar to minimise risk as the market grows increasingly concerned about the financial system in Europe after shares of two top Italian banks plunged amid concerns about their capital positions.
"The euro is exposed to more selling pressure as the market is starting to factor-in systemic risk to the euro zone," said Daisuke Karakama, market economist at Mizuho Corporate Bank.
The yuan ended down against dollar as the People's Bank of China set a slightly weaker mid-point following a rise in the dollar index. Interbank buy/sell rates for taka against dollar on Monday: 74.08/74.10 (previous 74.10/74.10). Call Money Rates: 6.00-12.00 percent (previous 9.00-12.00 percent).


========================
Open Buying Rs 86.15
Open Selling Rs.86.35
========================


========================
Buying Rs.86.09
Selling Rs.86.12
========================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 11.10 13.00 11.25 13.25 12.15
1-Week 12.25 12.90 13.00 13.25 12.85
2-Week 12.50 13.10 13.25 13.35 13.05
1-Month 12.75 13.15 13.25 13.35 13.13
2-Months 12.80 13.30 13.30 13.35 13.19
3-Months 12.90 13.35 13.35 13.45 13.26
4-Months 13.00 13.40 13.35 13.45 13.30
5-Months 13.10 13.40 13.40 13.50 13.35
6-Months 13.25 13.50 13.50 13.60 13.46
9-Months 13.30 13.60 13.60 13.70 13.55
1-Year 13.40 13.65 13.65 13.75 13.61
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 11.15 13.05 11.30 13.30 12.20
1-Week 12.50 13.00 13.10 13.35 12.99
2-Week 12.75 13.05 13.30 13.40 13.13
1-Month 13.00 13.20 13.30 13.40 13.23
2-Months 12.95 13.50 13.45 13.60 13.38
3-Months 13.10 13.50 13.45 13.60 13.41
4-Months 13.10 13.50 13.50 13.65 13.44
5-Months 13.25 13.55 13.50 13.65 13.49
6-Months 13.30 13.60 13.50 13.65 13.51
9-Months 13.50 13.70 13.60 13.75 13.64
1-Year 13.50 13.75 13.60 13.90 13.69
=================================================================

According to dealers, the dollar commenced trading at overnight Rs 86.15 and Rs 86.25 as buying and selling rates, respectively. However, at the end of trading, the dollar closed at Rs 86.15 and Rs 86.35 on buying and selling side.
The rupee-pound sterling parity stayed unchanged. The pound was traded at previous closing of Rs 138.60 and Rs 139.00 on buying and selling counters, respectively.
The dollar resumed trading at Rs 86.00 (buying) and Rs 86.20 (selling) against same overnight values. It did not observe further change in the evening session and closed at Rs 86.00 (buying) and Rs 86.20 (selling).
Pound sterling opened at Rs 138.40 (buying) and Rs 138.50 (selling) against same overnight values. It did not observe further change in the evening session and closed at Rs 138.40 (buying) and Rs 138.50 (selling).

Read Comments