The rupee-dollar parity rate firmed on the local currency market on Wednesday in process of trading, money experts said.
It is expected that the rupee may improve versus the dollar as a result of increase in remittances during the month of Ramazan, they said.
The rupee followed same pattern, losing 10 paisa against the euro for buying and selling at 115.80 and Rs 116.80, they said.
In the third Asian trade, the yen rose against its major counterparts as investors' appetite for risk faded ahead of an address later in the session by Federal Reserve Chairman Ben Bernanke, a day after he flustered markets with mixed signals.
Bernanke will address the House Financial Services Committee, following his testimony on Tuesday to the US Senate Banking Committee that was downbeat on the US economy, but contained no explicit outline of stimulus steps.
Inter bank buy/sell rates for the taka against the dollar on Wednesday. 81.75-81.77 (previous 81.75-81.77) Call Money Rates: 05.00-10.50 percent (previous 10.00-12.00 percent). The dollar was trading against the Indian rupee at Rs 55.23, the dollar was available versus the Malaysian ringgit at 3.1575 and the greenback was at 6.3725 in terms of the Chinese yuan.
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Open Buying Rs 94.75
Open Selling Rs 94.95
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Buying Rs 94.40
Selling Rs 94.44
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According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 94.80 and Rs 95.30 as its buying and selling rates, respectively.
At the end of trading, the rupee showed no variation versus the dollar for buying at Rs 94.80 while it gained 20 paisa for selling at Rs 95.10.
Likewise, the rupee showed strength and was appreciated against the pound sterling. The pound was purchased and sold at Rs 146.80 and Rs 147.80 against Rs 147.00 and Rs 148.00 of Tuesday, the dealers said.
The rupee showed no change against the dollar for buying and selling at Rs 94.20 and Rs 94.30, respectively. Pound Sterling opened at Rs 146 (buying) and Rs 146.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 146 (buying) and Rs 146.50 (selling).