Marginal changes were seen on the currency market on Thursday as the rupee managed to fluctuate slightly versus dollar, money experts said. The rupee moved both ways versus dollar as it gained two paisa for buying at 85.82, it however, shed one paisa for selling at 85.84, they said.
"Ireland could get downgraded to junk status too, which would hurt the euro. countries like Spain and Italy have relatively high ratings despite rises in their bond yields and they could face more downgrades," said Kimihiko Tomita, forex manager at State Street.
Yield spreads on Italian bonds over German bunds have soared in recent weeks and many traders say the euro's potential downside will look bigger if the ECB raises rates on Thursday. Interbank buy/sell rates for taka against dollar on Thursday:74.35/74.37 (previous 74.27/74.31) Call Money Rates: 8.50-12.00 percent (previous 7.50-12.00 percent).
Indian rupee was trading at Rs 44.48 versus dollar, Malaysian ringgit was available at 3.0070 in terms of the greenback and Chinese yuan was at 6.4680 against dollar.
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Open Buying Rs 86.00
Open Selling Rs.86.20
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Buying Rs.85.82
Selling Rs.85.84
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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 13.90 13.90 13.90 13.90 13.90
1-Week 12.75 13.40 13.35 13.45 13.24
2-Week 12.90 13.35 13.30 13.40 13.24
1-Month 13.00 13.35 13.30 13.40 13.26
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 13.90 13.90 13.90 13.95 13.91
1-Week 13.00 13.45 13.40 13.50 13.34
2-Week 13.10 13.40 13.35 13.45 13.33
1-Month 13.15 13.40 13.35 13.45 13.34
2-Months 13.15 13.45 13.40 13.50 13.38
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, the dollar commenced trading at its overnight closing of Rs 86.00 and Rs 86.20 as its buying and selling rates. In the absence of buying support, the dollar could not sustain and declined to Rs 85.90 and Rs 86.10 on buying and selling side, respectively.
Similarly, the rupee showed stability and remained unchanged on buying side while it gained strength on selling side in relation to the pound sterling. The pound was purchased and sold at Rs 137.80 and Rs 138.40 as compared to Wednesday closing of 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).