Falling trend was seen on the interbank market on Monday as dollars' demand was higher in process of trading, dealers said. The rupee continued falling versus dollar, dropping 16 paisa for buying at 86.34 and shed 17 paisa for selling at 86.37, they said.
The dollar fell to a four-month low against yen of 78.12 yen and shed 0.6 percent against the Swiss franc to 0.8132 franc, about a centime away from its record low hit last week. The uncertainty over the US debt crisis also kept growth-linked currencies such as the Australian dollar in check. The yuan hit a record high against dollar on Monday, reversing the morning's fall and in spite of a slightly lower mid-point fixing as the market braces for further losses in dollar.
Inter bank buy/sell rates for taka against the dollar on Monday: 74.65/74.70 (previous 74.66/74.70) Call Money Rates: 9.00-12.00 percent (previous 9.00-12.00 percent). Indian rupee was available at Rs 44.35 versus dollar and Malaysian ringgit was trading at 2.972 in terms of the US currency.
========================
Open Buying Rs 86.34
Open Selling Rs 86.37
========================
========================
Buying Rs 85.90
Selling Rs 86.10
========================
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 13.25 13.90 13.50 13.90 13.64
1-Week 12.90 13.55 13.50 13.60 13.39
2-Week 13.00 13.50 13.45 13.55 13.38
1-Month 13.00 13.45 13.45 13.55 13.36
2-Months 13.10 13.45 13.45 13.50 13.38
3-Months 13.15 13.45 13.45 13.50 13.39
4-Months 13.15 13.45 13.50 13.55 13.41
5-Months 13.20 13.50 13.50 13.60 13.45
6-Months 13.25 13.55 13.50 13.60 13.48
9-Months 13.30 13.65 13.65 13.75 13.59
1-Year 13.40 13.65 13.65 13.75 13.61
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 13.25 13.90 13.50 13.90 13.64
1-Week 13.00 13.60 13.50 13.65 13.44
2-Week 13.10 13.55 13.45 13.60 13.43
1-Month 13.15 13.55 13.50 13.55 13.44
2-Months 13.15 13.50 13.50 13.55 13.43
3-Months 13.20 13.50 13.50 13.60 13.45
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
=================================================================
According to dealers, the dollar was purchased and sold at Saturday's rates of Rs 86.00 and Rs 86.20 for buying and selling, respectively.
However, in relation to British pound, the rupee marginally declined by 10 paisa on buying side while it remained unchanged on selling side. The pound was traded at Rs 139.60 and Rs 140.20 as compared to last week closing of Rs 139.50 and Rs 140.20, respectively, dealers said.
The dollar opened at Rs 86.00 (buying) and Rs 86.30 (selling) against same last rates. It did not observe further change in the second session and closed at Rs 86.00 (buying) and Rs 86.30 (selling).
Pound sterling opened at Rs 138.30 (buying) and Rs 138.45 (selling) against same overnight values. It did not observe further change in the last trading hours and closed at Rs 138.30 (buying) and Rs 138.45 (selling).