The rupee managed to recover on the interbank market on Wednesday on comfortable supply of dollar, money experts said. The rupee rose by 10 paisa in relation to dollar for buying and selling at 85.80 and 85.85, they said.
The single currency was lifted by stop-loss buying as well as broad weakness in the dollar, which fell prey to profit-taking after Tuesday's short squeeze with Asian central banks selling it while hedge funds liquidated their longs in dollar/yen. Interbank buy/sell rates for taka against dollar on Wednesday: 74.27/74.31 (previous 74.28/74.29) Call Money Rates: 7.50-12.00 percent (previous 6.00-10.00 percent).
Indian rupee was trading at Rs 44.43 versus dollar, Malaysian ringgit was available at 3.0040 in relation to the greenback and Chinese yuan was at 6.4679 for per dollar.
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Open Buying Rs 86.00
Open Selling Rs 86.20
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Buying Rs 85.80
Selling Rs.85.85
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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 13.90 13.90 13.83
1-Week 12.50 13.35 13.30 13.40 13.14
2-Week 12.75 13.25 13.25 13.30 13.14
1-Month 12.90 13.25 13.25 13.30 13.18
2-Months 13.00 13.35 13.30 13.40 13.26
3-Months 13.10 13.35 13.35 13.45 13.31
4-Months 13.10 13.40 13.35 13.45 13.33
5-Months 13.15 13.40 13.40 13.50 13.36
6-Months 13.25 13.50 13.50 13.60 13.46
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 13.65 13.90 13.90 13.95 13.85
1-Week 12.75 13.40 13.35 13.45 13.24
2-Week 13.00 13.35 13.35 13.40 13.28
1-Month 13.10 13.35 13.35 13.40 13.30
2-Months 13.15 13.40 13.40 13.50 13.36
3-Months 13.15 13.50 13.45 13.60 13.43
4-Months 13.20 13.50 13.50 13.65 13.46
5-Months 13.25 13.55 13.50 13.65 13.49
6-Months 13.30 13.60 13.50 13.65 13.51
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 the currency dealers, there was no change in the dollar's demand and supply situation that helped rupee stability in the open market. The dollar was traded at Tuesday closing rates of Rs 86.00 and Rs 86.20 on buying and selling sides, respectively.
However, the rupee showed strength and appreciated its worth against the pound sterling. The pound's buying and selling rates were declined from last day closing of Rs 138.00 and Rs 139.00 to Rs 137.80 and Rs 138.60, respectively, the dealers said.
The dollar opened at Rs 86.00 (buying) and Rs 86.20 (selling) against same overnight value. It did not observe further change in the second session and closed at Rs 86.00 (buying) and Rs 86.20 (selling).
Pound Sterling opened at Rs 138.40 (buying) and Rs 138.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 138.40 (buying) and Rs 138.50 (selling).