The dollar remained in commanding position against the rupee on the currency market on Tuesday, dealers said. The rupee continued its slide versus the dollar, sliding 22 paisa for buying and selling at Rs 107.30 and Rs 107.32 respectively, they said.
In the second Asian trade, the euro eased, stalling near a seven-week low as investors were cautious ahead of the European Central Bank's policy meeting this week, while the Aussie dollar slipped after the nation's central bank talked down the currency. The euro eased 0.1 percent to about $1.3499, managing to stay just above a seven-week trough of $1.3442 set the previous day.
The dollar was trading against the Indian rupee at Rs 61.74, the greenback was at 3.1715 in terms of the Malaysian ringgit and the US currency was available at 6.0978 in relation the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 77.75-77.75 (77.75-77.75). Call Money Rates: 06.50-08.00 percent (previous 06.25-08.00 percent).
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Open Bid Rs 107.30
Open Offer Rs 107.32
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Bid Rate Rs 107.60
Offer Rate Rs 107.80
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According to the currency dealers, the dollar witnessed fresh demand that led its appreciation against the rupee. The dollar was traded at Rs 107.50 and Rs 108.00 on buying and selling sides against the overnight closing of Rs 107.40 and Rs 107.65, respectively.
Similarly, the rupee remained under pressure and was declined against the British pound. The pound's buying and selling rates were improved from Monday closing of Rs 107.20 and Rs 107.65 to Rs 171.30 and Rs 172.30, respectively, the dealers said.
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.