The rupee commenced the week on a positive note as it managed to recover weekend losses against dollar on the money market on Monday, experts said. The rupee inched up versus dollar, gaining three paisa for buying and selling at 85.92 and 85.97, they said.
Inter bank buy/sell rates for taka against dollar on Monday: 73.75/73.85 (previous 73.59/73.73). Call Money Rates: 6.00-9.00 percent (previous 6.00-9.50 percent). The Indian rupee was trading at Rs 44.80 versus dollar, Malaysian ringgit was at 2.9995 in terms of the greenback and Chinese yuan was at 6.4796 versus the US currency.
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Open Buying Rs 86.00
Open Selling Rs.86.20
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Buying Rs.85.92
Selling Rs.85.97
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According to the currency dealers, the dollar was opened on a negative note and remained under pressure in the absence of buying support. At the end of trading, the dollar was closed lower at Rs 86.00 and Rs 86.20 as its buying and selling rates against the last Saturday closing of Rs 86.10 and Rs 86.35, respectively.
Similarly, the rupee recovered some of its earlier loss and appreciated its worth against the pound sterling. The pound was purchased and sold at Rs 140.70 and Rs 141.20 as compared to previous closing of Rs 141.00 and Rs 141.60, respectively, the dealers added.
The dollar resumed trading at Rs 85.60 (buying) and Rs 85.80 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 85.60 (buying) and Rs 85.80 (selling).
Pound Sterling opened at Rs 136.30 (buying) and Rs 136.70 (selling) against same previous rate. It did not witness any change in the evening session and closed at Rs 136.30 (buying) and Rs 136.70 (selling).