The rupee moved both ways against dollar on the currency market on Monday in process of trading, dealers said. The rupee was up by three paisa against dollar for buying at 85.72 and gained two paisa for selling at 85.75 despite the rising demand for the US currency, they said.
Although euro later pared its losses on short-covering, market players said the single European currency still looked vulnerable due to worries about the level of demand at euro zone debt auctions coming up this week. The yuan closed lower versus dollar on Monday after the People's Bank of China set a slightly weaker mid-point to reflect but lag a rise in the US dollar index, which has jumped 2.5 percent so far this year.
Indian rupee was trading at Rs 45.38 in relation to the US currency and Malaysian ringgit was available at 3.0655 versus dollar. Interbank buy/sell rates for taka against dollar on Monday: 71.00/71.00 (previous 71.00/71.00). Call Money Rates: 15.00 percent (previous 12.00-15.00 percent).
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Open Buying Rs 85.72
Open Selling Rs 85.75
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Buying Rs 85.85
Selling Rs 85.86
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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 11.10 11.75 11.25 12.00 11.53
1-Week 11.50 12.30 12.20 12.40 12.10
2-Week 11.55 12.60 12.60 12.75 12.38
1-Month 11.90 12.70 12.75 12.90 12.56
2-Months 12.25 12.95 12.90 13.05 12.79
3-Months 12.70 13.10 13.10 13.20 13.03
4-Months 12.70 13.15 13.10 13.25 13.05
5-Months 12.75 13.20 13.20 13.35 13.13
6-Months 13.25 13.40 13.30 13.45 13.35
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 11.10 11.75 11.25 12.00 11.53
1-Week 11.75 12.35 12.25 12.50 12.21
2-Week 12.25 12.70 12.70 12.80 12.61
1-Month 12.40 12.85 12.90 13.00 12.79
2-Months 12.75 13.25 13.25 13.40 13.16
3-Months 12.90 13.40 13.25 13.50 13.26
4-Months 12.90 13.50 13.30 13.60 13.33
5-Months 13.00 13.50 13.40 13.75 13.41
6-Months 13.30 13.70 13.50 13.90 13.60
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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According to currency dealers, the US dollar gained strength and improved its worth on account of fresh buying support in the local market. The US dollar resumed trading at Rs 85.75 and Rs 86.00 as its buying and selling rates and closed with marginal improvement on both sides at Rs 85.80 and Rs 86.10, respectively, they said.
Similarly, the pound sterling gained strength on buying counter while it remained unchanged on selling side in the local kerb. The pound was purchased and sold at Rs 132.33 and Rs 133.50 as compared to last Saturday's closing rates of Rs 132.50 and Rs 133.50, respectively, the dealers added.
The dollar resumed trading at Rs 85.50 (buying) and Rs 85.80 (selling) against last 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 Sserling opened at Rs 136.30 (buying) and Rs 136.70 (selling) in the morning session. It did not observe further change in the last trading hours and closed at Rs 136.30 (buying) and Rs 136.70 (selling).