Steady trend was witnessed on the money market on Thursday as national currency managed to recover modestly versus dollar, dealers said. The rupee rose by four paisa in relation to dollar for buying at 86.75 and gained three paisa for selling at 86.80, they said.
The euro jumped 0.6 percent to $1.4000, breaking through a wall of orders and charging past stop-loss points on the way, also bolstered by the EU's progress on bank recapitalisation and its move to scale up the size of the euro zone's 440 billion euro ($600 billion) bailout fund.
Interbank buy/sell rates for taka against dollar on Thursday: 76.15-76.20 (previous 76.10-76.16) Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent).
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Open Buying Rs 86.60
Open Selling Rs 87.00
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Buying Rs.86.79
Selling Rs.86.83
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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 the currency dealers, the dollar commenced trading at its day earlier closing of Rs 87.00 and Rs 87.40, as its buying and selling rates, respectively. There was no change in the dollar's value on buying side while it was declined to Rs 87.20 on selling side, the dealers said.
However, rupee showed strength and appreciated its value against the British pound. The pound's buying and selling rates were decreased from Wednesday closing of Rs 138.00 and Rs 139.00 to Rs 137.50 and Rs 138.50, respectively, the dealers said.
The dollar opened at Rs 87.55 (buying) and Rs 88.05 (selling) against the 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 the overnight value. It did not observe further change in the evening session and closed at Rs 137.80 (buying) and Rs 137.90 (selling).