The rupee continued its slide against the dollar on the currency market on Tuesday in the process of strong demand for greenback, dealers said. The rupee extended its fall in terms of the dollar, losing 20 paisa for buying and selling at Rs 106.50 and Rs 106.70, they added. The rupee followed the same pattern in relation to the euro, shedding 25 paisa for buying and selling at Rs 144.25 and Rs 144.50 respectively, they said.
In the second Asian trade, the dollar edged higher on Tuesday, holding above eight-month lows as investors hedged their bets in case US payrolls date later in the day is stronger than expected. The dollar index, which tracks the greenback's performance against a basket of major currencies, edged up 0.1 percent to 79.779, holding above Friday's 8-1/2 month low of 79.478 but still down more than 1 percent from a peak touched last Wednesday.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 77.75-77.75 (77.7500-77.7525) Call Money Rates: 07.00-09.00 percent (previous 05.50-09.50 percent). The dollar was available against the Indian rupee at Rs 61.27, the greenback was at 3.1680 in terms of the Malaysian ringgit and the US currency was available at 6.0927 versus the Chinese yuan.
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Open Bid Rs 106.34
Open Offer Rs 106.39
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Bid Rate Rs 106.50
Offer Rate Rs 106.70
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According to the currency dealers, the dollar commenced trading at its overnight closing of Rs 106.25 and Rs 106.80 on buying and selling sides, respectively. In absence of any change in the dollar's demand and supply situation, its opening rates continued to prevail throughout the day, the dealers said.
On the contrary, the rupee maintained downward slide and was depreciated against the British pound. The pound's buying and selling rates were improved from Monday closing of Rs 169.00 and Rs 170.00 to Rs 169.50 and Rs 170.50, respectively, they added.
The dollar opened at Rs 106.60 for buying and Rs 106.70 for selling against last rate. It observed no change in the second session and closed at Rs 106.60 for buying and Rs 106.70 for selling.
Pound Sterling opened at Rs 169 for buying and Rs 169.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.