The dollar hit the new high at 90 on the interbank market on Wednesday due to strong demand by the importers, who were making forward buying to meet the import payments requirements, dealers said. The rupee continued its fall versus dollar, losing five paisa for buying at 89.95 and it also lost seven paisa for selling at 90.00, they added.
Reuters adds: In the third Asian session euro extended gains in Asian trade, on short-covering ahead of the European Central Bank's first offer of three-year loans that many hope will help the region's banks lower their funding costs.
But the European unit also hit an all time low against the Australian dollar as improving risk appetite increased the appeal of commodity-linked currencies, and worries about Europe's debt crisis will likely continue to cap gains. Interbank buy/sell rates for taka against dollar on Wednesday: 80.95-81.30 (previous 80.78-80.90) Call Money Rates: 20.00 percent (previous 14.00-22.00 percent).
The yuan ended up slightly against dollar on Wednesday after the People's Bank of China set a stronger mid-point, with a pullback in the dollar index dampening expectations of yuan depreciation. The dollar was trading against the Indian rupee at Rs 52.65 and it was available at 3.1665 versus the Malaysian ringgit.
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Open Buying Rs 89.95
Open Selling Rs 90.00
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Buying Rs 90.05
Selling Rs 90.25
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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 10.75 11.85 11.00 11.90 11.38
1-Week 11.25 11.70 11.60 11.75 11.58
2-Week 11.40 11.70 11.80 11.85 11.69
1-Month 11.60 11.80 11.80 11.90 11.78
2-Months 11.65 11.85 11.80 11.85 11.79
3-Months 11.70 11.80 11.80 11.85 11.79
4-Months 11.70 11.75 11.80 11.85 11.78
5-Months 11.70 11.80 11.80 11.85 11.79
6-Months 11.65 11.75 11.80 11.85 11.76
9-Months 11.70 11.85 11.85 11.90 11.83
1-Year 11.70 11.85 11.85 11.90 11.83
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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 10.75 11.85 11.00 11.90 11.38
1-Week 11.40 11.75 11.70 11.90 11.69
2-Week 11.65 11.85 11.85 11.95 11.83
1-Month 11.70 11.90 11.90 12.00 11.88
2-Months 11.70 11.90 11.85 12.00 11.86
3-Months 11.80 11.90 11.85 12.00 11.89
4-Months 11.80 11.90 11.90 12.00 11.90
5-Months 11.85 11.90 11.90 12.00 11.91
6-Months 11.85 11.95 11.95 12.00 11.94
9-Months 11.85 12.00 12.00 12.10 11.99
1-Year 11.90 12.00 12.10 12.15 12.04
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According to dealers, the dollar closed lower at Rs 89.80 and Rs 90.20 as buying and selling rates against Rs 90.00 and Rs 90.35, respectively.
However, the rupee was down against pound, whose buying and selling rates improved to Rs 140.50 and Rs 141.50 from Tuesday's Rs 139.80 and Rs 140.50, respectively, dealers said.
The dollar opened at Rs 89.00 (buying) and Rs 89.20 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 89.00 (buying) and Rs 89.20 (selling).
Pound Sterling opened at Rs 138.00 (buying) and Rs 138.90 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 138.00 (buying) and Rs 138.90 (selling).