THE RUPEE: dollar moves both ways

03 Apr, 2012

The rupee moved both ways against the dollar on the currency market on Monday in process of slow trading, dealers said. The rupee shed two paisa in relation to dollar for buying and selling at 90.70 and 90.72, they said.
The Australian dollar rose 0.5 percent to $1.0399 after a report on Sunday showed activity at big Chinese factories hit an 11-month high in March.
Inter bank buy/sell rates for taka against dollar on Monday: 81.76-81.83 (previous 81.76-81.83). Call Money Rates: 07.00-12.00 percent (previous 06.75-12.50 percent. The dollar was trading versus the Indian rupee at Rs 50.87, it was available at Malaysian ringgit at 3.0515 and the greenback was moving in terms of the Chinese yuan at 6.298.



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Open Buying Rs 90.70
Open Selling Rs 90.72
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Buying Rs 90.90
Selling Rs 91.15
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According to the currency dealers, the dollar resumed trading at its Friday closing of Rs 91.10 and Rs 91.30 as its buying and selling rates, respectively. In the absence of buying support, the dollar could not sustain and was declined to Rs 91.05 and Rs 91.25 on buying and selling side, respectively.
However, the rupee showed stability and remained unchanged on buying side while it was improved on the selling side against the pound sterling.
The pound was purchased and sold at Rs 144.30 and Rs 144.80 as compared to previous closing of Rs 144.30 and Rs 145.00 respectively, the dealers said.
The dollar opened at Rs 91 (buying) and Rs Rs 91.20 (selling) against same previous rate. It did not observe any further change in the second session and closed at Rs 91 (buying) and Rs 91.20 (selling).
Pound Sterling opened at Rs 142 (buying) and Rs 142.50 (selling) against same previous rate. It did not observe further change in the evening session and closed at Rs 142 (buying) and Rs 142.50 (selling).

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