Bearish sentiment was witnessed on the currency market on Wednesday as the rupee depreciated versus dollar and euro, dealers said. The rupee shed nine paisa against dollar for buying and selling at 85.47 and 85.52, they said.
The US dollar also rose against yen, edging up 0.1 percent to around 80.84 yen. The dollar had fallen to around 80.60 yen on Tuesday, less than a yen away from the 1995 record low of 79.75 yen.
Indian rupee was trading at Rs 45.24 versus dollar, Malaysian ringgit was available at 3.0580 in relation to the greenback and Chinese yuan was at 6.5727 for a dollar. Interbank buy/sell rates for taka against dollar on Wednesday : 71.94/71.98 (previous 71.83/71.89). Call Money Rates: 11.00-12.00 percent (previous 8.00-12.00 percent.
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Open Buying Rs 85.40
Open Selling Rs 85.60
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Buying Rs.85.47
Selling Rs.85.52
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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 13.50 13.90 13.75 13.90 13.76
1-Week 12.00 13.10 13.10 13.20 12.85
2-Week 11.90 12.95 13.00 13.10 12.74
1-Month 12.00 12.95 12.95 13.05 12.74
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 13.50 13.90 13.75 13.95 13.78
1-Week 12.10 13.15 13.15 13.25 12.91
2-Week 11.95 13.15 13.15 13.25 12.88
1-Month 12.70 13.25 13.10 13.30 13.09
2-Months 13.00 13.40 13.30 13.50 13.30
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, because of lacking buying support, the dollar could not sustain and marginally declined in the local market. The dollar was traded at Rs 85.25 and Rs 85.50, as its buying and selling rates against the overnight closing of Rs 85.30 and Rs 85.55, respectively, the dealers said.
However, the rupee failed to maintain upward trend and lost its value against the pound sterling. The pound's buying and selling rates were improved to Rs 136.60 and Rs 137.60, as compared to Tuesday closing of Rs 136.50 and Rs 137.50, respectively, the dealers added.
The dollar resumed trading at Rs 85.90 (buying) and Rs 86.20 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 85.90 (buying) and Rs 86.20 (selling).
Pound Sterling opened at Rs 136.40 (buying) and Rs 136.80 (selling) against the previous rate. It did not witness any change in the evening session and closed at Rs 136.40 (buying) and Rs 136.80 (selling).