Minor fluctuations were witnessed on the local currency market on Wednesday in process of trading, dealers said. The rupee resisted sharp fall versus the dollar, losing one paisa for buying and selling at 98.39 and 98.41, dealers said.
In the third Asian session, the yen fell broadly on Wednesday, succumbing to renewed pressure after gold prices steadied somewhat from an eye-watering plunge earlier in the week. The dollar was changing hands at about 98.32 yen, up 0.8 percent from late US trade on Tuesday but still down about 1.6 percent from a four-year high of 99.95 yen set last week. The dollar was trading against the Indian rupee at Rs 53.87, the greenback was at 3.0230 in terms of the Malaysian ringgit and the US currency was at 6.173 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Wednesday. 78.01-78.01 (78.01-78.0250). Call Money Rates: 07.00-07.50 percent (previous 05.75-08.00 percent.
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Open Bid Rs 99.15
Open Offer Rs.99.35
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Bid Rate Rs.98.39
Offer Rate Rs.98.41
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According to the currency dealers, the dollar resumed trading on a depressed note and remained under pressure in the absence of buying interest. On close of trading, the dollar was ended lower at Rs 99.25 and Rs 99.60 as its buying and selling rates compared with last day closing of Rs 99.40 and Rs 99.80, respectively.
Similarly, the rupee showed strength and was improved against the British pound. The pound was traded at Rs 150.00 and Rs 151.00 on buying and selling counters against the overnight closing of Rs 150.80 and Rs 151.50, respectively, the dealers said.