Bears dominated the local currency market on Thursday as a result of strong demand for dollars, dealers said. After maintaining a stable situation, the rupee failed to hold present levels against the dollar mainly because of good demand for the US currency, they added.
The rupee, however, gained 15 paisa against the euro for buying and selling at Rs 126.10 and Rs 126.35, they said. In the fourth Asian trade, the yen dropped sharply on Thursday after the Bank of Japan announced aggressive easing, saying it will double its holdings of bonds and stocks in two years.
The BOJ also said it would extend the average maturity of bonds it holds to around seven years from around three years now, dashing suspicions that it could under deliver as it had often in the past. The dollar was trading against the Indian rupee at Rs 54.83, the US currency was available at 3.0815 in terms of the Malaysian ringgit and the greenback was at 6.2010 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday: 78.08-78.09 (78.10-78.1050). Call Money Rates: 06.75-07.25 percent (previous 05.75-07.50 percent.

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Open Bid        Rs.99.00
Open Offer      Rs.99.10
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Bid Rate        Rs.98.35
Offer Rate      Rs.98.37
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