The rupee-dollar parity rate inched up on the currency market on Tuesday in the process of trading, dealers said. The rupee rose slightly versus the dollar for buying and selling at 98.14 and 98.17, experts said.
In the second Asian trade the dollar fell against the yen on Tuesday, pressured by a sell-the-fact reaction following the confirmation hearings of the government's nominees for the two Bank of Japan's deputy governor posts.
Kikuo Iwata, nominated by the government for one of the central bank's two deputy governorships, said that foreign bond purchases would be a policy option only if other initiatives failed. The dollar was trading against the Indian rupee at Rs 54.67, the US currency was available versus the Malaysian ringgit at 3.1000 and greenback was at 6.2218 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 78.80-78.82 (78.82-78.85). Call Money Rates: 07.00-08.00 percent (previous 06.75-08.00 percent.
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Open Bid Rs 99.00
Open Offer Rs.99.25
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Bid Rate Rs.98.14
Offer Rate Rs.98.17
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According to the currency dealers, the dollar witnessed no change in its buying rate that remained unchanged as its Monday closing of Rs 99.20. Because of improved demand, the dollar's selling rate was moved up from 99.25 to Rs 99.35.
The national currency showed weakness and was depreciated against the British pound. The pound's buying and selling rates were improved from previous closing of Rs 150.00 and Rs 150.25 to Rs 150.30 and Rs 151.00, respectively, the dealers said.