THE RUPEE: mixed patterns

26 Apr, 2012

The rupee moved both ways in relation to the dollar in the currency market on Wednesday, dealers said. The rupee gained three paisa versus the dollar for buying at 90.85 and it also rose by two paisa for selling at 90.90, they said.
Reuters adds: In the third Asian trade, the euro hovered near a three-week high against the dollar after euro zone sovereign debt attracted decent demand and strong earnings from Apple boosted risk appetite, while focus turned to the outcome of a Federal Reserve meeting. The euro traded at $1.3197, close to levels not seen in three weeks, after hitting the previous session's low of 1.3145. Immediate resistance is at last week's high of 1.3225.
Inter bank buy/sell rates for the taka against the dollar on Wednesday. 81.82-81.85 (previous 81.82-81.83) Call Money Rates: 7.75-14.00 percent (previous 7.50-15.00 percent). The dollar was trading against the Indian rupee at Rs 52.58, the greenback was at 3.0590 in terms of the Malaysian ringgit and the US currency versus the Chinese yuan at 6.3045.



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Open Buying Rs.91.40
Open Selling Rs.91.60
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Buying Rs.90.85
Selling Rs.90.90
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Pound Sterling opened at Rs 142 (buying) and Rs 142.50 (selling) against same previous rate. British currency did not observe further change in the last trading hours and closed at Rs 142 (buying) and Rs 142.50 (selling).

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