The rupee drifted lower against the dollar, it, however, move up versus the euro during the week, ended on November 12, 2016. In the interbank market, the rupee three paisas in relation to the dollar, losing six paisas for buying and selling at Rs 104.76 and Rs 104.77.
In the open market, the rupee lost 40 paisas in terms of the dollar for buying and selling at Rs 106.10 and Rs 106.30.
The rupee, however, gained Rs 1.30 versus the euro for buying and selling at Rs 115.30 and Rs 116.80.
Commenting on the erosion in the value of the rupee, some experts said that dollar gained ground due to rising demand from buyers.
The rupee may depict further weakness in the absence political and economical stability in the country, they said.
Textile export, which is the best source of foreign exchange earning not showing progress for the long time, they observed. Country's remittances dropped by 3.8 percent in July-October Besides, foreign exchange reserves stood at 24.15 billion dollars, they said.
INTER-BANK MARKET RATES: On Monday, the rupee rose four paisas relation to the dollar for buying and selling at Rs 104.73 and Rs 104.75, they said.
On Tuesday, the rupee gained three paisas in relation to the dollar for buying and selling at Rs 104.70 and Rs 104.72.
On Wednesday, the rupee did not move any side in relation to the dollar for buying and selling at Rs 104.70 and Rs 104.72 on Thursday, the rupee maintained its levels for the third day in relation to the dollar for buying and selling at Rs 104.70 and Rs 104.72,.On Friday, the rupee also drifted lower in relation to the dollar, losing six paisas for buying and selling at Rs 104.76 and Rs 104.77.
OPEN MARKET RATES: on November 7, the rupee firmly held the week-end levels in terms of the dollar for buying and selling at Rs 105.70 and Rs 105.90, they said. The rupee picked up 90 paisas in relation to the euro for buying and selling at Rs 116.60 and Rs 118.10, they said.
On November 8, the rupee firmly held the week-end levels in terms of the dollar for buying and selling at Rs 105.70 and Rs 105.90.
The rupee shed 10 paisas in relation to the euro for buying and selling at Rs 116.50 and Rs 118.00.
On November 9, the rupee lost 10 paisas in terms of the dollar for buying and selling at Rs 105.80 and Rs 106.00: The rupee also 50 paisas in relation to the euro for buying and selling at Rs 117.00 and Rs 118.00.
On November 10, t he rupee shed 10 paisas more in terms of the dollar for buying and selling at Rs 105.90 and Rs 106.10, they said. The rupee however, gained Rs 1.50 in relation to the euro for buying and selling at Rs 115.25 and Rs 116.75.
On November 11, the rupee lost further 10 paisas in terms of the dollar for buying and selling at Rs 106.00 and Rs 106.20. The rupee however, picked up 15 paisas in relation to the euro for buying and selling at Rs 115.10 and Rs 116.60.
On November 12, the rupee shed 10 paisas more in terms of the dollar for buying and selling at Rs 106.10 and Rs 106.30.
The rupee also extended fall versus the euro, losing 20 paisas for buying and selling at Rs 115.30 and Rs 116.80.
OVERSEAS OUTLOOK FOR DOLAAR: In the first Asian trade, the dollar jumped early after the FBI said a review of newly discovered emails did not change the agency's conclusion that no charges were warranted in the case of Democrat Hillary Clinton's use of a private email server.
Markets have tended to see US presidential contender Clinton as the status quo candidate, and news favouring her bid often boosts risk appetite. The dollar was up 1.1 percent at 104.275 yen after surging to 104.530 in early trade.
The dollar was trading against the Indian rupee at Rs 66.70, the greenback was available at 4.2070 versus the Malaysian ringgit and the US currency was trading at 6.7748 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 78.47-78.48 (previous 78.45-78.46).
In the second Asian trade, the dollar steadied in Asia, keeping gains made in the previous session on the growing prospect of a victory for US Democratic presidential candidate Hillary Clinton after the FBI cleared her of any possibility of criminal charges in its latest probe.
The dollar was trading against the Indian rupee at Rs 66.71, the greenback was at 4.2010 in terms of the Malaysian ringgit and the US currency was at 6.7795 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 78.47-78.49 (previous 78.47-78.48).
In the third Asian trade, the dollar retreated as brief gains gave way to anxiety after early exit polls in the US presidential election showed the final outcome was too close to call.
The dollar was down 0.4 percent at 104.775 yen after rising to as high as 105.250 when markets earlier put a higher chance on Democrat Hillary Clinton winning the US presidential election before the vote count.
The US currency was trading against the Indian rupee at Rs 66.62, the dollar was at 4.1840 versus the Malaysian ringgit and the greenback was at 6.7846 in terms of Chinese yuan.
In the fourth Asian trade, the dollar rose to its highest level against the yen since late July on Thursday in early Asian trade, buoyed by a rise in US Treasury yields following Republican candidate Donald Trump's victory in the presidential election.
Inter bank buy/sell rates for the taka against the dollar on Thursday: 78.49-78.50 (previous 78.47-78.49).
In the final Asian trade, the dollar hovered near a 3-1/2-month high versus the yen on Friday, after making big gains overnight as the markets prepared for a Donald Trump presidency that could stimulate the US economy fiscally and lift interest rates.
The US currency dipped slightly to 106.610 yen after surging to 106.950 yen overnight, its highest since July 21. The greenback was set to end the week with a 3.3 percent gain against its Japanese peer, which was initially expected to emerge on the winning end due to its perceived safe-haven status upon a Trump victory in the US presidential elections.
The dollar was trading against the Indian rupee at Rs 67.00, the greenback was at 4.2700 versus the Malaysian ringgit and the US currency was at 6.8119 in terms of the Chinese yuan.
At the week-end, the dollar rose to its highest in nine months against a basket of major currencies and was on track for its best week in a year as investors packed on bets that the administration of President-elect Donald Trump would pump up US inflation.
Backed by a stronger-than-expected US consumer sentiment report and solid gains against the euro and Canadian dollar, the dollar index rose to its highest since February 1.
Investors expect Trump's proposals to deport illegal immigrants, cut free-trade deals and unleash large fiscal stimulus measures will boost US inflation.
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