The dollar-rupee parity rates moved both ways on the money market on Thursday in the process of trading, dealers said. The rupee inched up by five paisa for buying and selling at 100.75 and 100.80 respectively, they said.
In the fourth Asian trade, the dollar rose on Thursday after remarks from Federal Reserve Chairman Ben Bernanke kept intact expectations that the Fed would be first among the major central banks to move away from ultra-loose monetary policy.
Bernanke, in testimony to Congress on Wednesday, said the Fed still expects to start scaling back its massive bond purchase programme later this year, but he left open the option of altering that plan if the economic outlook changes.
The dollar was trading against the Indian rupee at Rs 59.76, the greenback was at 3.1960 in terms of the Malaysian ringgit and the US currency was at 6.1396 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 77.75-77.76 (77.75-77.76). Call Money Rates: 07.10-07.50 percent (previous 05.50-08.00 percent).
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Open Bid Rs 100.75
Open Offer Rs 100.80
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Bid Rate Rs 103.30
Offer Rate Rs 103.50
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According to the currency dealers, there was no change in the dollar's demand and supply situation that helped rupee stability. The dollar was traded at its overnight closing of Rs 103.00 and Rs 104.00 as its buying and selling rates, respectively.
However, the rupee could not get out of the ongoing pressure and was further declined against the British pound. The pound's buying and selling rate was surged to Rs 155.80 and Rs 156.50 as compared to Wednesday closing of Rs 155.30 and Rs 156.00, respectively, they added.
The dollar opened at Rs 102 for buying and Rs 102.10 for selling against same last rate. It did not observe further change in the second session and closed at Rs 102 for buying and Rs 102.10 for selling.
Pound Sterling opened at Rs 155 for buying and Rs 155.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.