Divergent trend was seen on the currency market on Wednesday as the rupee performed on the both sides in process of trading, dealers said. The rupee gained 12 paisa in relation to dollar for buying at 85.40 and appreciated by 11 paisa for selling at 85.44, they said.
"The market seems to be short (euro) after yesterday's moves and we could see a rise toward such levels (near $1.3750) on short-covering," said a trader for a Japanese brokerage house in Tokyo. The euro rose 0.3 percent to $1.3692, having bounced back sharply from the previous day's intraday low of $1.3525. Interbank buy/sell rates for taka against dollar on Wednesday: 71.19/71.26 (previous 71.18/71.18).
Indian rupee was trading at Rs 45.26 in relation to dollar, Malaysian ringgit was available at 3.0485 and Chinese yuan was at 6.5798 versus the greenback.
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Open Buying Rs 85.40
Open Selling Rs.85.60
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Buying Rs.85.40
Selling Rs.85.44
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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 13.25 13.90 13.60 13.90 13.66
1-Week 11.70 13.10 12.90 13.15 12.71
2-Week 11.80 13.00 12.90 13.10 12.70
1-Month 12.05 13.00 12.95 13.10 12.78
2-Months 12.50 13.15 13.15 13.25 13.01
3-Months 12.90 13.20 13.20 13.30 13.15
4-Months 13.00 13.30 13.25 13.35 13.23
5-Months 13.20 13.45 13.40 13.50 13.39
6-Months 13.35 13.50 13.45 13.55 13.46
9-Months 13.40 13.60 13.50 13.65 13.54
1-Year 13.45 13.60 13.55 13.65 13.56
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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 13.25 13.90 13.50 13.90 13.64
1-Week 12.00 13.15 12.95 13.20 12.83
2-Week 12.40 13.10 13.00 13.15 12.91
1-Month 12.60 13.10 13.10 13.20 13.00
2-Months 12.90 13.35 13.30 13.40 13.24
3-Months 13.10 13.60 13.40 13.70 13.45
4-Months 13.25 13.65 13.45 13.75 13.53
5-Months 13.40 13.70 13.50 13.75 13.59
6-Months 13.50 13.75 13.70 13.90 13.71
9-Months 13.60 13.80 13.75 13.95 13.78
1-Year 13.50 13.90 13.80 14.00 13.80
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According to dealers, the dollar's buying and selling rates remained intact at Rs 85.45 and Rs 85.65, respectively.
On the contrary, the rupee lost 20 paisa on buying counter and 50 paisa on selling counter against pound, which was purchased and sold at Rs 137.50 and Rs 138.50 as compared to last closing of Rs 137.30 and Rs 138.00, respectively, dealers said.
The dollar opened at Rs 85.95 (buying) and Rs 86.20 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 85.95 (buying) and Rs 86.20 (selling).
Pound Sterling opened at Rs 136.35 (buying) and Rs 136.75 (selling) against the previous rate. It did not witness any change in the evening session and closed at Rs 136.35 (buying) and Rs 136.75 (selling).