THE RUPEE: slight changes

The rupee moved but cautiously against the dollar on the money market during the week, ended on January 20, 2018. The rupee gained 10 paisas versus the dollar for buying Rs 112.00 While the national currency sustained it's level for selling at Rs 112.30.
OPEN MARKET RATES: However, the rupee picked up 15 paisas in terms of the euro for buying and selling at Rs 136.25 and Rs 138.25, they added.
INTER-BANK MARKET RATES: The rupee sustained its present levels in relation to the dollar for buying and selling at Rs 110.53 and Rs 110.54. Some experts said that the rupee managed to hold it's present levels in terms of the dollar due to improvement in supply of dollars.
In the meantime, it is expected that the national currency may not fall sharply in days to come, other experts said. It is surprising to note that currency viewers were of the opinion that there are market anticipations that dollar may go up slightly in terms of the rupee. According to the report, the Foreign Direct Investment (FDI) declined despite growing inflows from China.
OPEN MARKET RATES: On Monday, the rupee slid 10 paisas against the dollar for buying at Rs 111.90 and the national currency stayed put for selling and Rs 112.20, they said. While, the rupee extended it's decline versus the euro, dropping 90 paisas for buying and selling at Rs 136.40 and Rs 138.40, they added.
On Tuesday, the rupee recovered overnight losses versus the dollar, picking up10 paisas for buying and selling at Rs 111.80 and Rs 112.10, they said. The rupee also gained 40 paisas against the dollar for buying and selling at Rs 136.0 and Rs 138.00. On Wednesday, the rupee managed to hold over night levels in terms of the dollar for buying and selling at Rs 111.80 and Rs 112.10, they said.
The rupee also showed no change against the euro for buying and selling at Rs 136.00 and Rs 138.00, they added. On Thursday, the rupee shed 10 paisas in terms of the dollar for buying Rs 111.90 and the national currency also dropped by 20 paisas for selling at Rs 112.30.
The rupee, however, lost 30 paisas against the euro for buying and selling at Rs 136.30 and Rs 138.30. On Friday, the rupee lost 20 paisas more in terms of the dollar for buying Rs 112.00 While the national currency sustained it's level for selling at Rs 112.30.
The rupee also fell by 30 paisas against the euro for buying and selling at Rs 136.60 and Rs 138.60. On Saturday, the rupee depicted no change versus the dollar for buying Rs 112.00. While the national currency sustained it's level for selling at Rs 112.30, they said. While, the rupee picked up 35 paisas in terms of the euro for buying and selling at Rs 136.25 and Rs 138.25.
INTER-BANK MAREKT RATES: On January 15, the rupee shed one paisas in relation to the dollar for buying and selling at Rs 110.55 and Rs 110.56, they said. On January 16, the rupee also rose by one paisa in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55, they said. On January 17, the rupee did not move any side in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55. On January 18, the rupee sustained its last levels in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55. On January 19, the rupee sustained its present levels in relation to the dollar for buying and selling at Rs 110.53 and Rs 110.54, they said.
OVERSEAS OUTLOOK FOR DOLLARS: In the first Asian trade, the dollar languished at three-year lows against a basket of currencies on Monday, while the euro stood tall on investors' hopes that European Central Bank policymakers could be poised to further trim their monetary stimulus. The dollar index, which tracks the greenback against a basket of currencies, slipped 0.2 percent to 90.807 after falling as far as 90.773 earlier in the session, its lowest since January 2015.
The euro added 0.1 percent to $1.2206, in sight of a peak of $1.2218 on Friday, it's highest since December 2014, leaving some strategists to ponder where its next top might be. Against the yen, the dollar slipped to its lowest levels since mid-September, as comments from Japan's central bank governor highlighted Japan's economic recovery.
The dollar was trading against the Indian rupee at Rs 63.360, The greenback was at 3.953 in terms of the Malaysian ringgit and the US currency was available at 6.423. Inter bank buy/sell rates for the taka against the dollar on Monday: 82.80-82.80 (Previous 82.80-82.80). In the second Asian trade, the euro held steady on Tuesday, taking a breather after having rallied on the back of optimism about the euro zone's economic outlook and expectations for the European Central Bank to wind down its massive monetary stimulus.
Comments by the Estonian central bank chief and ECB rate-setter Ardo Hansson on Monday reinforced those expectations, with Hansson telling a German newspaper that the ECB could end its 2.55 trillion euro bond-buying scheme in one step after September if the economy and inflation develop as now expected.
The euro last changed hands at $1.2263, staying within sight of Monday's peak of about $1.2296, its strongest since December 2014. Market participants said they expect the euro to remain on solid footing in the near term. The dollar's index against a basket of six major currencies stood at 90.509, having pulled up from Monday's three-year low of 90.279.
The rupee was trading against the Indian rupee at Rs 63.660, the greenback was available at 3.954 in terms of the Malaysian ringgit and the US currency was at 6.440 in relation to the Chinese yuan
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 82.83-82.83 (Previous 82.80-82.80). In the third Asian trade, the dollar fell to a three-year low against its peers on Wednesday, losing its earlier bounce as the euro edged back after shaking off a setback to Chancellor Angela Merkel's chances of forging a "grand coalition" in Germany.
The dollar index against a basket of six major currencies last stood little changed at 90.446 after hitting 90.113, its lowest since December 2014. The dollar index momentarily recovered to as high as 90.826 on Tuesday after slipping steadily this month on investors' expectations that major central banks would eventually wind back stimulus to normalise monetary policy.
The dollar was trading against the Indian rupee at Rs 63.960, the greenback was at 3.950 in terms of the Malaysian ringgit and the US currency was available at 6.436 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday: 82.83-82.85 (Previous 82.83-82.83).
In the fourth Asian trade, the euro nursed losses on Thursday, having retreated from a three-year high after comments from European Central Bank officials this week hinted at concerns over the currency's recent strength.
The euro's pull-back from highs helped stabilise the greenback, which has come under pressure as central banks of other major economies begin to move toward tighter monetary policy amid a more synchronised global recovery. The euro last stood at $1.2194, up 0.1 percent on the day but well below a peak of $1.2323 set on Wednesday, the euro's strongest level since December 2014. ECB policymakers may have been caught off guard by the speed of the euro's appreciation, said Lee Jin Yang, macro research analyst for Aberdeen Standard Investments in Singapore.
"Maybe they are trying to manage volatility or slow down the rise," Lee said. The common currency had slipped on Wednesday as ECB policymaker Ewald Nowotny told reporters the euro's recent strength against the dollar is "not helpful," which encouraged a bout of profit-taking before a policy meeting next week.
The dollar was trading in terms of the Indian rupee at 63.805, the greenback was available at 3.956 against the Malaysian ringgit and the US currency was at 6.438 versus the Chinese yuan.
In the final Asian trade, the dollar was lodged near a three-year low against a basket of currencies on Friday as fears of a possible US government shutdown added to underlying weakness that stems from the growing trend toward monetary policy normalisation around the world.
The dollar index stood at 90.378, having fallen to as low as 90.104 this week, a level last seen in December 2014. It has already lost roughly 2 percent so far in 2018. The euro edged up 0.2 percent to $1.2261, near the three year high of $1.2323 struck on Wednesday. Having advanced 0.5 percent so far this week, the common currency could post a fifth consecutive week of gains.
The dollar eased 0.2 percent to 110.86 yen, with its rebound from Wednesday's four-month low of 110.19 already fading despite rise in US debt yields.
The dollar was trading against the Indian rupee at Rs 63.670, the US currency was at 3.935 in terms of the Malaysian ringgit and the greenback was available at 6.394 versus the Chinese yuan.
In the final NY trade, the dollar held steady above a three-year low versus a basket of currencies on Friday, marking a fifth week of falls and its longest losing streak since May 2015 as worries over a possible US government shutdown weighed. On Thursday, the US House of Representatives passed a bill to fund government operations through to February 16 and avoid agency shutdowns from Saturday when existing allocations expire. The bill has yet to be approved by the Senate, where it faces an uncertain future.
"At the start of the week, it was an outside risk. Now it's a real risk," Vassili Serebriakov, currency strategist at Credit Agricole in New York, said of a government shutdown. Some investors downplayed a possible shutdown, saying the market impact would be mild anyway.