Divergent trend was seen on the money market on Thursday in process of trading, dealers said. The rupee moved down by one paisa in relation to dollar for buying at 86.70 while it maintained its overnight level for selling at 86.74, they said.
Signs that European policymakers were struggling to reach consensus on measures to contain the debt crisis weighed on euro, and its drop gained steam as falls in commodities and Asian shares dragged cross/yen pairs lower. The dollar was trading versus the Indian rupee at Rs 49.39, versus the Malaysian ringgit it was available at 3.1265 and the US currency was at 6.379 versus the Chinese yuan.
Interbank buy/sell rates for taka against dollar on Thursday: 75.94-75.95 (previous 75.90-75.95) Call Money Rates: 9.25-15.00 percent (previous 8.00-15.00 percent).
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Open Buying Rs 87.40
Open Selling Rs.87.70
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Buying Rs.86.70
Selling Rs.86.74
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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 9.00 9.25 9.10 9.40 9.19
1-Week 11.10 11.40 11.50 11.60 11.40
2-Week 11.50 11.60 11.60 11.70 11.60
1-Month 11.65 11.75 11.75 11.80 11.74
2-Months 11.75 11.80 11.80 11.85 11.80
3-Months 11.75 11.80 11.80 11.85 11.80
4-Months 11.70 11.80 11.80 11.85 11.79
5-Months 11.65 11.80 11.80 11.85 11.78
6-Months 11.65 11.75 11.80 11.85 11.76
9-Months 11.70 11.80 11.80 11.90 11.80
1-Year 11.75 11.85 11.85 11.90 11.84
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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 9.00 9.25 9.10 9.40 9.19
1-Week 11.30 11.60 11.60 11.75 11.56
2-Week 11.60 11.70 11.70 11.80 11.70
1-Month 11.75 11.90 11.80 11.95 11.85
2-Months 11.80 11.85 11.85 11.95 11.86
3-Months 11.80 11.90 11.90 12.00 11.90
4-Months 11.80 11.95 11.90 12.00 11.91
5-Months 11.80 11.90 11.90 12.00 11.90
6-Months 11.85 11.95 11.95 12.00 11.94
9-Months 11.90 12.10 12.10 12.25 12.09
1-Year 11.90 12.15 12.10 12.25 12.10
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According to the currency dealers, the dollar witnessed fresh demand that helped its appreciation in the open market. At the end of trading, the dollar was closed higher at Rs 87.60 and Rs 88.10 as its buying and selling rate against the day earlier closing of Rs 87.30 and Rs 87.70, respectively.
Similarly, the rupee maintained downward slide and was further depreciated against the pound sterling. The pound was purchased and sold at Rs 137.50 and Rs 138.20 as compared to last day closing of Rs 137.30 and Rs 138.00, respectively, the dealers said.
The dollar opened at Rs 87.55 (buying) and Rs 88.05 (selling) against last rate. It did not observe further change in the second session and closed at Rs 87.55 (buying) and Rs 88.05 (selling).
Pound Sterling opened at Rs 137.80 (buying) and Rs 137.90 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 137.80 (buying) and Rs 137.90 (selling).