Falling trend persisted on the currency market on Thursday as the rupee continued its fall versus the dollar ahead of monetary policy on Friday, dealers said. Marketmen attributed the decline to payments to the International Monetary Fund (IMF) and other major oil payments. Today, both foreign and local banks bought approximately 60-70 million dollars to clear bills, they observed.
The dollar was trading versus the Indian rupee at Rs 52.16, the greenback was at 3.0570 in terms of the Malaysian ringgit and the US currency was at 6.2842 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday. 81.40-81.55 (previous 81.48-81.54) Call Money Rates : 08.00-08.50 percent (previous 04.00-10.75 percent).
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Open Buying Rs 95.20
Open Selling Rs.95.40
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Bid Rate Rs.95.32
Offer Rate Rs.95.36
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Similarly, the rupee failed to maintain rising trend and was declined against the pound sterling. The pound's buying and selling rates were improved from the Wednesday closing of Rs 152.70 and Rs 153.30 to Rs 152.90 and Rs 153.40, respectively, the dealers said.
The dollar opened at Rs 94.50 (buying) and Rs 94.60 (selling) against overnight value of Rs 94.40 (buying) and Rs 94.50 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 94.40 (buying) and Rs 94.50 (selling).
Pound Sterling opened at Rs 151.90 (buying) and Rs 153 (selling) against last rate of Rs 150 (buying) and Rs 150.10 (selling) against same previous rate. It did not observe further change in the evening session and closed at Rs 151.90 (buying) and Rs 153 (selling).
The buying and selling rates of Euro remained Rs 121.60 and Rs 122 respectively in both morning and evening sessions.