THE RUPEE: sharp recovery on open market

27 Oct, 2011

The rupee performed well versus dollar on currency market on Wednesday in process of trading, dealers said. The rupee inched up in relation to the dollar for buying, picking up two paisa at 86.79 and gained one paisa for selling at 86.83, they said.
Other signs of deep divisions between euro zone members over a wide range of issues including the size of a "haircut" on Greek bonds and how to strengthen the firepower of a bailout fund, have also worked to all but dash hopes of a strong summit deal to tackle the region's debt woes.
The yuan closed up slightly versus dollar on Wednesday, with the market remaining cautious amid growing pressure from the United States for China to do more to let its currency strengthen. Interbank buy/sell rates for taka against dollar on Wednesday: 76.10-76.16 (previous 76.08-76.13) Call Money Rates: 6.50-9.00 percent (previous 6.50-10.00 percent).


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Open Buying Rs 86.79
Open Selling Rs 86.83
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Buying Rs 86.80
Selling Rs 87.00
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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 9.10 9.75 9.10 10.00 9.49
1-Week 11.00 11.25 11.10 11.50 11.21
2-Week 11.40 11.60 11.50 11.75 11.56
1-Month 11.50 11.65 11.70 11.80 11.66
2-Months 11.65 11.75 11.80 11.85 11.76
3-Months 11.65 11.75 11.80 11.85 11.76
4-Months 11.65 11.80 11.80 11.85 11.78
5-Months 11.65 11.80 11.80 11.85 11.78
6-Months 11.65 11.80 11.80 11.85 11.78
9-Months 11.70 11.80 11.80 11.85 11.79
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 9.10 9.75 9.10 10.00 9.49
1-Week 11.00 11.25 11.10 11.50 11.21
2-Week 11.50 11.65 11.55 11.75 11.61
1-Month 11.60 11.75 11.75 11.85 11.74
2-Months 11.75 11.85 11.85 11.90 11.84
3-Months 11.80 11.90 11.90 11.95 11.89
4-Months 11.80 11.90 11.90 11.95 11.89
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 11.85 12.00 12.00 12.10 11.99
1-Year 11.90 12.00 12.10 12.15 12.04
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According to dealers, the dollar declined to Rs 87.00 and Rs 87.40 against overnight closing Rs 87.00 and Rs 87.50 for buying and selling, respectively.
However, the pound was traded at Tuesday's rates of Rs 138.00 and Rs 139.00 on buying and selling counters, respectively, dealers said.
The dollar opened at Rs 87.55 (buying) and Rs 88.05 (selling) against same last rates. 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 values. It did not observe further change in the evening session and closed at Rs 137.80 (buying) and Rs 137.90 (selling).

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