The rupee managed to resist fresh fall against the dollar on the currency market, dealers said. Slight improvement in supply of dollars, aided the rupee fresh erosion in its value versus the greenback, they said. The rupee gained eight paisa against the dollar for buying at Rs 96.52 and it also picked up 10 paisa for selling at 96.56, they said.
In the first Asian trade, the euro hit a six-week high against the dollar on Monday as upbeat data on the Chinese economy boosted risk sentiment, reversing earlier losses triggered by a credit downgrade of the euro zone rescue funds late last week. Despite encouraging Chinese manufacturing surveys, however, the Australian dollar dipped as disappointing local retail sales cemented expectations that the Reserve Bank of Australia will cut interest rates on Tuesday.
"The market was initially cautious on the euro after the credit downgrade of rescue funds. But sellers are being forced to buy it back now," said a trader at a Japanese bank. The dollar was trading against the Indian rupee at Rs 54.54 and the US currency was at 3.0410 against the Malaysian ringgit. Interbank buy/sell rates for the taka against the dollar on Monday: 81.28-81.35 (previous 81.26-81.37). Call Money Rates: 07.75-08.00 percent (previous 06.00-08.50 percent).

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Open Buying     Rs 97.20
Open Selling    Rs.97.40
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Bid Rate        Rs.96.52
Offer Rate      Rs.96.56
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