THE RUPEE: dollar higher in interbank deals

11 Apr, 2012

The rupee continued its decline against dollar in the interbank market, while, it did not show any change versus the greenback in the open dealings on Tuesday, dealers said. The rupee extended its slide in terms of dollar, losing 11 paisa for buying at 90.73 and shedding 10 paisa for selling at 90.74, they said.
In the second Asian trade yen inched higher against dollar after the Bank of Japan refrained from more easing, although many thought it would stay under pressure on expectation Tokyo would loosen policy later in April.
The yen was also sold by Japanese importers, traders said, whose purchases of fossil fuels have jumped as all but one of Japan's nuclear reactors have gone off line in the wake of the Fukushima nuclear disaster in March 2011. The dollar was trading against the Indian rupee at Rs 51.29, versus the Malaysian ringgit, the greenback was at 3.0750 per unit and and the US currency was at 6.3122 in terms of the Chinese yuan. Interbank buy/sell rates for taka against dollar on Tuesday. 81.80-81.83 (previous 81.79-81.83). Call Money Rates: 07.50-14.00 percent (previous 07.50-14.75 percent.



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Open Buying Rs 90.73
Open Selling Rs 90.74
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Buying Rs 91.10
Selling Rs 91.30
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Similarly, the rupee showed strength and appreciated against pound sterling. The pound was purchased and sold at Rs 143.00 and Rs 143.90 as compared to Monday closing of Rs 143.50 and Rs 144.35, respectively, the dealers said.

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