THE RUPEE: dollar moves both ways
he rupee moved both ways against dollar on the currency market on Wednesday, dealers said. The rupee recovered another 14 paisa in relation to dollar for buying at 86.77 and gained 15 paisa for selling at 86.81, they said.
INTERBANK MARKET RATES: In the third Asian trade yen came under a bit of pressure after Moody's cut its rating for Japan's government debt, but commodity currencies held firm having gained after manufacturing data in China and Europe were less grim than feared.
Moody's downgraded Japan by a notch to Aa3, blaming large budget deficits and the build-up of debt since the 2009 global recession. Still, such cuts have had scant effect on yields as the vast bulk of Japanese debt is owned by the Japanese themselves.
The dollar was available against the Indian rupee at Rs 45.62, the US currency was trading at 2.9690 versus the Malaysian ringgit and greenback at 6.3884 in terms of the Chinese yuan. Interbank buy/sell rates for taka against dollar on Wednesday: 73.45/73.85 (previous 73.90/74.12). Call Money Rates: 12.00-18.00 percent (previous 8.00-15.00 percent.
OPEN MARKET RATES: The rupee fell versus dollar, losing 10 paisa for buying and selling at 86.60 and 86.80, they added. The rupee, however, gained in relation to euro, rising 16 paisa for buying and selling at Rs 124.74 and Rs 125.24, they said.
INTERBANK MARKET RATES: In the third Asian trade yen came under a bit of pressure after Moody's cut its rating for Japan's government debt, but commodity currencies held firm having gained after manufacturing data in China and Europe were less grim than feared.
Moody's downgraded Japan by a notch to Aa3, blaming large budget deficits and the build-up of debt since the 2009 global recession. Still, such cuts have had scant effect on yields as the vast bulk of Japanese debt is owned by the Japanese themselves.
The dollar was available against the Indian rupee at Rs 45.62, the US currency was trading at 2.9690 versus the Malaysian ringgit and greenback at 6.3884 in terms of the Chinese yuan. Interbank buy/sell rates for taka against dollar on Wednesday: 73.45/73.85 (previous 73.90/74.12). Call Money Rates: 12.00-18.00 percent (previous 8.00-15.00 percent.
OPEN MARKET RATES: The rupee fell versus dollar, losing 10 paisa for buying and selling at 86.60 and 86.80, they added. The rupee, however, gained in relation to euro, rising 16 paisa for buying and selling at Rs 124.74 and Rs 125.24, they said.
Open Buying Rs 86.60
Open Selling Rs 86.80
Interbank Closing Rates For Dollar on Tuesday
Buying Rs.86.77
Selling Rs.86.81
Repo Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 13.25 13.40 13.40 13.45 13.38
1-Week 13.20 13.30 13.30 13.40 13.30
2-Week 13.10 13.20 13.25 13.35 13.23
1-Month 13.05 13.10 13.20 13.30 13.16
2-Months 13.00 13.10 13.20 13.30 13.15
3-Months 13.00 13.15 13.25 13.30 13.18
4-Months 13.00 13.20 13.25 13.30 13.19
5-Months 13.00 13.20 13.25 13.30 13.19
6-Months 13.05 13.20 13.25 13.30 13.20
9-Months 13.15 13.25 13.35 13.40 13.29
1-Year 13.20 13.30 13.35 13.40 13.31
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 13.25 13.40 13.40 13.45 13.38
1-Week 13.20 13.30 13.35 13.40 13.31
2-Week 13.15 13.25 13.30 13.40 13.28
1-Month 13.10 13.15 13.30 13.35 13.23
2-Months 13.05 13.15 13.30 13.35 13.21
3-Months 13.05 13.15 13.30 13.35 13.21
4-Months 13.00 13.20 13.30 13.35 13.21
5-Months 13.00 13.20 13.30 13.40 13.23
6-Months 13.05 13.20 13.30 13.40 13.24
9-Months 13.15 13.25 13.40 13.40 13.30
1-Year 13.20 13.30 13.40 13.45 13.34
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Mohammed Saleem Mansoori
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