The dollar is close to 96 level in relation to the rupee on the open market in process of strong demand for the greenback, currency experts said. The rupee shed one-paisa against the dollar for buying at 95.55, however, the national currency gained same amount for selling at 95.57, they said.
In the second Asian trade, the euro was on the back foot on Tuesday as uncertainty about Spain persisted after euro zone, ministers said the country did not need a bailout yet, dashing investors' hopes they might inch closer to a resolution of the country's debt problems. Caution on company earnings also kept risk assets, including the euro, in check, as investors weighed the impact of the global slowdown on corporate earnings due out this week.
The dollar was trading against the Indian rupee at Rs 52.41, the greenback was at 3.0680 in relation to the Malaysian ringgit and the US currency was available at 6.287 against the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 81.30-81.34 (previous 81.32-81.35) Call Money Rates: 08.00-08.50 percent (previous 04.00-09.50 percent).
========================
Open Buying Rs 95.50
Open Selling Rs 95.70
========================
========================
Bid Rate Rs 95.55
Offer Rate Rs 95.57
========================
According to the currency dealers, the marginal decline on supply side helped improve dollar's buying rate from Rs 95.20 to Rs 95.30. However, in the absence of buying support, the dollar remained unchanged at its overnight closing of Rs 95.50.
The rupee-pound sterling parity remained unchanged amid low trading activity in the open market. The pound was purchased and sold at its day earlier closing of Rs 152.50 and Rs 153.50, respectively, the dealers said.
The dollar opened at Rs 95 (buying) and Rs 95.6 (selling) against last rate of Rs 94.5 (buying) and Rs 94.6 (selling). It did not observe further change in the evening session and closed at Rs 95 (buying) and Rs 95.6 (selling).
Pound Sterling opened at Rs 151.9 (buying) and Rs 153 (selling) against last rate of Rs 150 (buying) and Rs 150.1 (selling) against the same previous rate. It did not observe further change in the evening session and closed at Rs 151.9 (buying) and Rs 153 (selling).
The buying and selling rates of Euro remained Rs 122.4 and Rs 123.6 respectively in both morning and evening sessions.