Marginal fluctuations were witnessed in the value of the rupee versus the dollar despite strong demand for forward buying of the US currency, dealers said. The rupee inched up by one paisa against the dollar for buying and selling at Rs 98.39 and Rs 98.41, they added.
In the euro stayed near a four-month low against the dollar on Wednesday as fears about the currency bloc's financial stability festered in the wake of the Cyprus rescue deal, while the yen dropped on stronger hopes for bond buying by the Bank of Japan. The euro dropped 0.1 percent to $1.2849, not far from the four-month low of $1.2828 hit on Tuesday.
In the early NY trade, the euro fell to its lowest level against the dollar in over four months on Wednesday, weighed by a weak Italian bond auction and concerns that Cyprus's recent rescue deal could serve as a template for future bailouts.
The dollar was trading against the Indian rupee at Rs 54.37, the greenback was at 3.0985 in terms of Malaysian ringgit and the US currency was available at 6.2130 in terms of Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Wednesday: 78.20-78.22 (78.25-78.26). Call Money Rates: 06.75-07.25 percent (previous 06.00-07.50 percent.

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Open Bid        Rs 99.00
Open Offer      Rs 99.25
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Bid Rate        Rs.98.39
Offer Rate      Rs.98.41
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