All-round decline was seen on the currency market on Wednesday as the rupee failed to retain its overnight gains versus dollar and euro, dealers said. The rupee depreciated in terms of dollar, losing nine paisa for buying at 86.69 and shed 10 paisa for selling at 86.74, they said.
A more than five-fold expansion of the swap arrangements will lift the amount of foreign currency that South Korea can immediately mobilise in case of emergency to more than $370 billion. The decision prompted unloading of dollar by offshore funds, which spilled over into other dollar/Asia pairs with the euro and Australian dollar also gaining against the greenback.
The yuan closed slightly higher versus dollar on Wednesday after the People's Bank of China set its mid-point marginally stronger. Interbank buy/sell rates for the taka against dollar on Wednesday: 75.90-75.95 (previous 75.86-75.89) Call Money Rates: 8.00-15.00 percent (previous 7.25-12.00 percent).
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Open Buying Rs 87.10
Open Selling Rs.87.40
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Buying Rs.86.69
Selling Rs.86.74
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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 11.90 11.90 11.90 11.90 11.90
1-Week 11.80 11.85 11.90 11.90 11.86
2-Week 11.80 11.90 11.90 11.95 11.89
1-Month 11.80 11.90 11.90 11.95 11.89
2-Months 11.75 11.85 11.85 11.90 11.84
3-Months 11.75 11.85 11.85 11.90 11.84
4-Months 11.70 11.80 11.85 11.90 11.81
5-Months 11.65 11.80 11.80 11.85 11.78
6-Months 11.65 11.75 11.80 11.85 11.76
9-Months 11.70 11.80 11.80 11.90 11.80
1-Year 11.75 11.85 11.85 11.90 11.84
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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 11.90 11.90 11.90 11.95 11.91
1-Week 11.85 11.95 11.95 12.10 11.96
2-Week 11.85 11.95 11.95 12.10 11.96
1-Month 11.85 11.95 11.90 12.10 11.95
2-Months 11.85 11.90 11.90 12.00 11.91
3-Months 11.80 11.95 11.90 12.00 11.91
4-Months 11.80 11.95 11.90 12.00 11.91
5-Months 11.80 11.90 11.90 12.00 11.90
6-Months 11.85 11.95 11.95 12.00 11.94
9-Months 11.90 12.10 12.10 12.25 12.09
1-Year 11.90 12.15 12.10 12.25 12.10
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According to the currency dealers, the dollar regained its day earlier loss was ended higher amid fresh buying. The dollar was traded at Rs 87.30 and Rs 87.70 as its buying and selling rates compared with overnight closing of Rs 86.70 and Rs 87.30, respectively.
Likewise, the rupee remained weak and lost its worth against the pound sterling. The pound's buying and selling rates were increased to Rs 137.30 and Rs 138.00 against the Tuesday closing of Rs 136.50 and Rs 137.50, respectively, the dealers said.
The dollar opened at Rs 87.50 (buying) and Rs 88 (selling) against last rate of Rs 88 (buying) and Rs 88.50 (selling). It did not observe further change in the second session and closed at Rs 87.50 (buying) and Rs 88 (selling).
Pound Sterling opened at Rs 137.80 (buying) and Rs 137.90 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 137.80 (buying) and Rs 137.90 (selling).