Two-way movement was again witnessed on the currency market on Tuesday in process of trading, money experts said. The rupee drifted lower against dollar, losing 12 paisa for buying at 85.88 and 85.93, they said.
In the second Asian trade euro rose to a three-week peak against dollar after a wave of short-covering triggered by a report saying Germany could make concessions on efforts to put together a bailout for Greece, with traders eyeing $1.45 as its next target.
Indian rupee was trading at Rs 45.08 versus dollar, Malaysian ringgit was at 3.0090 in terms of the greenback and Chinese yuan was available at 6.4816 in relation to the US currency. Interbank buy/sell rates for taka against the dollar on Tuesday: 73.45/73.60 (previous 73.45/73.52) Call Money Rates: 5.75-10.00 percent (previous 6.00-10.00 percent).
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Open Buying Rs 86.10
Open Selling Rs.86.30
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Buying Rs.85.88
Selling Rs.85.93
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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 13.60 13.90 13.75 13.90 13.79
1-Week 12.50 13.40 13.40 13.50 13.20
2-Week 12.75 13.35 13.35 13.40 13.21
1-Month 12.80 13.30 13.30 13.35 13.19
2-Months 12.85 13.25 13.30 13.35 13.19
3-Months 13.00 13.25 13.30 13.35 13.23
4-Months 13.00 13.25 13.30 13.35 13.23
5-Months 13.10 13.35 13.35 13.40 13.30
6-Months 13.25 13.45 13.40 13.50 13.40
9-Months 13.30 13.60 13.60 13.70 13.55
1-Year 13.40 13.65 13.65 13.75 13.61
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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 13.60 13.90 13.75 13.90 13.79
1-Week 12.60 13.50 13.45 13.55 13.28
2-Week 12.80 13.40 13.35 13.50 13.26
1-Month 12.90 13.40 13.35 13.45 13.28
2-Months 13.00 13.40 13.35 13.45 13.30
3-Months 13.10 13.45 13.30 13.50 13.34
4-Months 13.10 13.45 13.40 13.50 13.36
5-Months 13.25 13.50 13.40 13.60 13.44
6-Months 13.30 13.60 13.45 13.65 13.50
9-Months 13.50 13.70 13.60 13.75 13.64
1-Year 13.50 13.75 13.60 13.90 13.69
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According to dealers, the dollar commenced trading at overnight Rs 86.10 and Rs 86.30 as buying and selling rates, respectively. However, the dollar closed at Rs 86.10 and Rs 86.35 on buying and selling sides, respectively.
The pound was purchased and sold at Rs 141.40 and Rs 142.20 as compared to Monday]s Rs 141.00 and Rs 142.00, respectively, dealers said.
The dollar resumed trading at Rs 85.60 (buying) and Rs 85.80 (selling) against same last rates. It did not observe further change in the evening session and closed at Rs 85.60 (buying) and Rs 85.80 (selling).
Pound sterling opened at Rs 136.30 (buying) and Rs 136.70 (selling) against same previous rate. It did not witness any change in the evening session and closed at Rs 136.30 (buying) and Rs 136.70 (selling).