Firmness prevailed on the currency market on Tuesday as the rupee picked up nine paisa against the dollar due to easy supply of the US currency, dealers said. The rupee gained nine paisa against the dollar for buying and selling at Rs 98.34 and Rs 98.36, they added.
In the second Asian trade, the yen shot to a one-month high against the dollar on Tuesday after softer-than-expected US manufacturing data prompted investors to sell the greenback. But further gains for the Japanese currency could be limited as investors wait to see what the Bank of Japan (BoJ) will deliver at its April 3-4 policy meeting.
The dollar was trading against the Indian rupee at Rs 54.30, the greenback was at 3.0855 in terms of the Malaysian ringgit and the US currency was at 6.200 against the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 78.10-78.11 (78.10-78.11). Call Money Rates: 05.25-07.25 percent (previous 05.25-07.50 percent.
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Open Bid Rs 98.85
Open Offer Rs 99.10
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Bid Rate Rs.98.34
Offer Rate Rs.98.36
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According to the currency dealers, the dollar witnessed no change in its demand and supply situation that helped rupee's stability. The dollar was traded at its overnight closing of Rs 98.70 and Rs 99.00 as its buying and selling rates, respectively.
On the contrary, the rupee failed to maintain rising trend and was depreciated against the British pound. The pound's buying and selling rates were improved from Monday closing of Rs 148.80 and Rs 149.50 to Rs 149.00 and Rs 149.60, respectively, the dealers said.