Stable trend was witnessed on the money market on Tuesday as the rupee managed to move in a cautious way following the expectations for economic recovery, particularly law and order situation in the country after general election 2013, dealers said.
In the second Asian trade, the dollar slipped from a five-week high against a basket of major currencies on Tuesday as market players locked in profits ahead of a series of US economic data that could determine whether the Federal Reserve is ready to roll back its stimulus program.
While factors cited as a possible trigger for profit-taking were wide-ranging, from a sharp sell-off in Japanese government bonds and real estate investment trusts (REITs) to a media report on hedge funds' buying the euro, traders agree that they were just an excuse.
The dollar was trading against the Indian rupee at Rs 54.62, the US currency was at 2.9870 in relation to the Malaysian ringgit and the greenback was 6.1424 in terms of the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 77.80-77.80 (77.83-77.83). Call Money Rates: 06.50-07.00 percent (previous 05.10-08.00 percent).

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Open Bid        Rs 99.65
Open Offer      Rs 99.85
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Bid Rate        Rs 98.45
Offer Rate      Rs 98.47
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