Bullish trend was seen on the money market on Thursday as dollars' supply improved in process of trading, dealers said. The rupee rebounded as it gained 11 paisa versus dollar for buying 86.45 and picked up eight paisa for selling at 86.50, they said.
The dollar and euro both sagged against yen after Japanese Economics Minister Kaoru Yosano was quoted by Jiji news agency as saying currency intervention as big as one to two trillion yen ($13-26 billion) would be quite difficult.
Indian rupee was trading at Rs 44.08 versus dollar, Malaysian ringgit was available at 2.9565 in terms of the greenback and Chinese yuan was at 6.4434 in relation to the US currency.
Inter bank buy/sell rates for taka against dollar on Thursday: 74.65/74.75 (previous 74.66/74.75). Call Money Rates: 7.00-10.50 percent (previous 7.50-12.00 percent.
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Open Buying Rs.86.15
Open Selling Rs.86.30
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Buying Rs.86.45
Selling Rs.86.50
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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 13.75 13.90 13.90 13.90 13.86
1-Week 12.90 13.60 13.60 13.70 13.45
2-Week 13.00 13.50 13.55 13.60 13.41
1-Month 13.00 13.45 13.45 13.50 13.35
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 13.75 13.90 13.90 13.95 13.88
1-Week 13.00 13.65 13.60 13.75 13.50
2-Week 13.10 13.55 13.50 13.65 13.45
1-Month 13.15 13.50 13.50 13.55 13.43
2-Months 13.15 13.50 13.45 13.55 13.41
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 the moneychangers, the greenback opened at Rs 86.10 (buying) and Rs 86.35(selling). In the wake of buying activity, the dollar moved up and closed at Rs 86.15 and Rs 86.40 on buying and selling counters, respectively. However, some of the dealers quoted selling rate of the greenback as Rs 86.35.
On the other hand, the rupee recovered its earlier loss against the British Pound. The pound was purchased and sold at Rs 139.80 and Rs 140.50 on buying and selling sides, respectively, as against Rs 140.30 and Rs 141.00 of Wednesday, the dealers said.
The dollar opened at Rs 86.00 (buying) and Rs 86.30 (selling) against same last rate. 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 value. It did not observe further change in the last trading hours and closed at Rs 138.30 (buying) and Rs 138.45 (selling).