The rupee moved with slight gains against the dollar on the currency market on Tuesday, dealers said. The rupee recovered two paisa against the dollar for buying and selling at 98.16 and 98.19, experts said.
In the second Asian trade, the euro skidded close to a seven-week low against the dollar while the yen kept some distance from multi-month lows as the spectre of political gridlock in Italy spurred traders to seek refuge in the US and Japanese currencies. Italy's centre left won the lower house as widely expected, but projections by Italian media indicate no party or coalition will be able to form a majority in the upper house or Senate.
The dollar was trading against the Indian rupee at Rs 53.87, at 3.1000 in terms of the Malaysian ringgit while at 6.230 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday. 78.85-78.88 (78.90-78.92). Call Money Rates: 07.00-08.50 percent (previous 06.00-09.00 percent).

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Open Bid        Rs 99.00
Open Offer      Rs 99.25
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Bid Rate        Rs 97.16
Offer Rate      Rs.97.19
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