The rupee managed to recover against dollar on the currency market on Tuesday in process of trading, dealers said. The rupee picked up six paisa in relation to the greenback for buying at 86.58 and rose by five paisa for selling at 86.63, they said.
The euro clung to much of the gains it made on Monday , when it rose roughly 1.3 percent, cheered by news the European Central Bank spent a record 22 billion euros on government debt last week, and signs of stabilisation in equity markets.
The single currency faces a crucial test on charts at levels just under $1.45. Trend line resistance drawn off peaks hit in early June and late July comes in roughly around $1.4470 to $1.4480. The dollar was available at Indian Rs 45.34, the US currency was at 2.9690 Malaysian ringgit and greenback was at 6.3886 in terms of the Chinese yuan.
Bangladesh Inter bank buy-sell rates for taka against dollar on Tuesday: 74.62/74.70 (previous 74.73/74.74). Call Money Rates: 11.00-12.00 percent (previous 8.50-12.00 percent).
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Open Buying Rs 86.40
Open Selling Rs.86.60
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Buying Rs.86.58
Selling Rs.86.63
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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 13.10 12.75 13.30 12.91
1-Week 12.90 13.10 13.15 13.30 13.11
2-Week 13.00 13.10 13.15 13.20 13.11
1-Month 13.00 13.10 13.20 13.25 13.14
2-Months 13.00 13.10 13.15 13.25 13.13
3-Months 13.00 13.10 13.15 13.25 13.13
4-Months 13.00 13.15 13.20 13.25 13.15
5-Months 13.00 13.15 13.20 13.30 13.16
6-Months 13.05 13.15 13.25 13.30 13.19
9-Months 13.15 13.25 13.35 13.40 13.29
1-Year 13.20 13.30 13.35 13.40 13.31
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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 12.75 13.20 13.00 13.40 13.09
1-Week 13.10 13.25 13.30 13.35 13.25
2-Week 13.20 13.25 13.25 13.30 13.25
1-Month 13.20 13.25 13.30 13.35 13.28
2-Months 13.20 13.25 13.30 13.35 13.28
3-Months 13.10 13.15 13.25 13.30 13.20
4-Months 13.15 13.20 13.30 13.35 13.25
5-Months 13.20 13.30 13.35 13.40 13.31
6-Months 13.20 13.25 13.35 13.40 13.30
9-Months 13.20 13.25 13.35 13.40 13.30
1-Year 13.20 13.30 13.35 13.45 13.33
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According to the currency dealers, the dollar maintained downward slide for the second consecutive day. The dollar was traded at Rs 86.35 and Rs 86.60, as its buying and selling rates against the overnight closing of Rs 86.40 and Rs 86.65, respectively.
On the contrary, the rupee failed to maintain its position, as it remained under pressure and lost its worth against the British pound. The pound's buying and selling rates were increased from the Monday closing of Rs 140.70 and Rs 141.50 to Rs 141.00 and Rs 142.80, respectively, the dealers added.
The dollar resumed trading at Rs 86.00 (buying) and Rs 86.30 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 86.00 (buying) and Rs 86.30 (selling).
Pound Sterling opened at Rs 138.30 (buying) and Rs 138.50 (selling) against the overnight value. It did not observe further change in the evening session and closed at Rs 138.30 (buying) and Rs 138.50 (selling).