Divergent trend was seen on the currency market on Wednesday in process of trading, dealers said. The rupee slipped by one paisa against the US currency for buying and selling at 85.73 and 85.76, they said.
"Though one might suppose the market had become somewhat desensitised to such news, evidence suggests otherwise as periphery-bund spreads widen again and EUR remains under pressure," David Watt, a senior currency strategist at RBC Dominion, said in a note to clients. China's yuan edged higher after the Chinese central bank set a slightly stronger mid-point on Wednesday and as dollar index eased in global markets. But dealers said the firmer yuan did not signify any shift in policy for now. Interbank buy-sell rates for taka against dollar on Wednesday : 70.68-70.70 (previous 70.65-70.70) Call Money Rates: 25.00-30.00 percent (previous 9.0-35.00 percent).
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Open Buying Rs 85.60
Open Selling Rs 85.75
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Buying Rs 85.73
Selling Rs.85.76
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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 13.00 13.90 13.25 13.90 13.51
1-Week 11.50 12.90 12.90 13.00 12.58
2-Week 11.60 12.75 12.70 12.90 12.49
1-Month 11.90 12.80 12.75 12.90 12.59
2-Months 12.20 13.00 12.80 13.10 12.78
3-Months 12.55 13.10 13.05 13.20 12.98
4-Months 12.70 13.10 13.10 13.25 13.04
5-Months 12.75 13.20 13.20 13.35 13.13
6-Months 13.00 13.30 13.25 13.40 13.24
9-Months 13.10 13.40 13.30 13.60 13.35
1-Year 13.25 13.50 13.40 13.60 13.44
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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 12.50 13.90 12.75 13.95 13.28
1-Week 12.00 13.20 13.00 13.25 12.86
2-Week 12.10 13.10 12.75 13.25 12.80
1-Month 12.40 13.10 12.90 13.25 12.91
2-Months 12.50 13.40 13.20 13.50 13.15
3-Months 12.75 13.50 13.25 13.75 13.31
4-Months 12.80 13.50 13.30 13.75 13.34
5-Months 13.00 13.50 13.40 13.75 13.41
6-Months 13.10 13.60 13.40 13.90 13.50
9-Months 13.25 13.60 13.50 13.90 13.56
1-Year 13.25 13.75 13.60 14.00 13.65
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The dollar resumed trading at Rs 85.50 (buying) and Rs 85.80 (selling) against the rate of Rs 86.20 (buying) and Rs 86.30 (selling). It did not observe further change in the evening session and closed at Rs 85.50 (buying) and Rs 85.80 (selling).
Pound Sterling opened at Rs 136.20 (buying) and Rs 136.60 (selling) in the morning session. It did not observe further change in the last trading hours and closed at Rs 136.20 (buying) and Rs 136.60 (selling).