The rupee inched up against dollar in the currency market on Monday, dealers said. The dollar was in demand by the importers but the rupee performed well by retaining its supremacy versus the greenback, money experts said.
The dollar struggled to gain ground after US jobs data last week came in a touch better than expected, but disappointed investors who had been bracing for an even stronger report. "The market was prepared for a mammoth home run and an arms-raised victory lap. What it got was some good solid contact that resulted in a single base hit. Still good, but a bit disappointing given the pre-payrolls hype," said David Watt, strategist at RBC Dominion Securities.
Interbank buy/sell rates for taka against the dollar on Monday: 71.50/71.50 (previous 71.50/71.50) Call Money Rates: 11.00-12.00 percent (previous 11.00-12.00 percent). Indian rupee was available at Rs 44.98 versus dollar, Malaysian ringgit was trading at 3.0285 in terms of the greenback and Chinese yuan was at 6.5650 in relation to the US currency.
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Open Buying Rs.85.35
Open Selling Rs.85.50
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Buying Rs.85.35
Selling Rs.85.40
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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 12.75 13.50 13.00 13.75 13.25
1-Week 12.25 12.85 12.80 12.90 12.70
2-Week 12.00 12.90 12.90 13.00 12.70
1-Month 12.40 12.95 12.90 13.00 12.81
2-Months 12.50 13.15 13.15 13.25 13.01
3-Months 12.50 13.20 13.20 13.30 13.05
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 12.80 13.50 13.10 13.75 13.29
1-Week 12.30 12.95 12.90 13.10 12.81
2-Week 12.40 13.00 13.00 13.15 12.89
1-Month 12.60 13.15 13.00 13.25 13.00
2-Months 12.90 13.40 13.30 13.50 13.28
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 the currency dealers, the dollar remained under pressure and could not sustain at its last week closing position. The dollar was declined to Rs 85.25 and Rs 85.50 on buying and selling sides against the last Saturday closing of Rs 85.40 and Rs 85.60, they said. Likewise, the rupee remained strong and improved its value against the British pound. The pound's buying and selling rates were declined from previous closing of Rs 138.50 and Rs 139.20 to Rs 138.30 and Rs 138.80, respectively, the dealers added.