Persisting demand for dollars pushed the rupee down on the currency market on Tuesday in process of trading, dealers said. The rupee extended its decline, falling by four paisa for buying at 86.38 and shed five paisa for selling at 86.42, they said.
There was broad pressure on the greenback, with the New Zealand dollar climbing to a post-float high, the Australian dollar hitting a three-month peak, while euro extended its gains versus dollar after breaching chart resistance.
The yuan closed up against dollar after hitting a record trading high as the People's Bank of China set its mid-point at an all-time high after the dollar index sank to a seven-week low.
Indian rupee was tradubg at Rs 44.40 versus dollar and Malaysian ringgit was available at 2.9620 in terms of the greenback. Interbank buy/sell rates for taka against dollar on Tuesday: 74.62/74.69 (previous 74.65/74.70) Call Money Rates: 8.00-12.00 percent (previous 6.00-12.00 percent).
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Open Buying Rs 86.15
Open Selling Rs 86.25
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Buying Rs 86.38
Selling Rs.86.42
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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 12.00 13.00 12.25 13.25 12.63
1-Week 12.90 13.15 13.10 13.25 13.10
2-Week 13.00 13.30 13.35 13.40 13.26
1-Month 13.00 13.35 13.40 13.45 13.30
2-Months 13.10 13.40 13.40 13.45 13.34
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
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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 12.00 13.00 12.25 13.30 12.64
1-Week 13.00 13.20 13.10 13.30 13.15
2-Week 13.10 13.35 13.40 13.50 13.34
1-Month 13.15 13.45 13.45 13.50 13.39
2-Months 13.15 13.45 13.45 13.55 13.40
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
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According to dealers, the dollar was traded at overnight Rs 86.00 and Rs 86.20 as buying and selling rates, respectively.
However, the rupee declined against British pound. The pound's buying and selling rates were increased to Rs 140.00 and Rs 140.60 from Monday's Rs 139.60 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).