The rupee gained versus the dollar on the interbank market, however, it shed modestly on the open market on Wednesday in the process of trading, dealers said. The rupee gave up vulnerability in relation to the dollar, recovered eight paisa for buying and selling at Rs 98.88 and Rs 98.90, they said.
In the third Asian trade, the dollar turned down against the yen as investors warily watched China's stressed markets, but the greenback got support from US economic data which backed the Federal Reserve's recovery view and bolstered US Treasury yields.
"Dollar strength as US bond yields rise is generally the bigger picture at the moment, certainly after last night's stronger US data," said Sue Trinh, senior currency strategist at RBC Capital Markets in Hong Kong. The dollar was trading against the Indian rupee at Rs 59.84, the US currency was 3.1960 in terms of the Malaysian ringgit and the greenback was at 6.148 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Wednesday: 77.75-77.76 (77.75-77.76). Call Money Rates: 05.50-07.10 percent (previous 05.50-07.50 percent).

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Open Bid       Rs 100.40
Open Offer     Rs 100.60
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Bid Rate        Rs 98.88
Offer Rate      Rs 98.90
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