The dollar touched the high level at Rs 108 against the rupee on the local currency market on Thursday, dealers said. The rupee lost 25-paisa versus the dollar, hit the high for buying and selling at Rs 108.00 and Rs 108.20, they added. The rupee also dropped by 30-paisa in terms of the euro for buying and selling at Rs 144.80 and Rs 145.05, they said.
Expectations had been growing for the ECB to ease since data last week showed an alarming slowdown in inflation. But a surge in German industry orders in September and steady private sector growth in Europe's largest economy in October, cast doubts on whether the ECB would act so soon. Inter bank buy/sell rates for the taka against the dollar on Thursday: 77.75-77.75 (77.75-77.75). Call Money Rates: 06.50-08.00 percent (previous 06.80-08.00 percent). The dollar was trading against the Indian rupee at Rs 62.39, the greenback was at 3.1770 in terms of the Malaysian ringgit and the US currency was available at 6.0900 versus the Chinese yuan.
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Open Bid Rs 108.00
Open Offer Rs.108.20
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Bid Rate Rs.107.32
Offer Rate Rs.107.35
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The dollar opened at Rs 107.70 for buying and Rs 108.00 for selling against Rs 107.50 and Rs 108.00 of Wednesday. In the wake of lackluster condition, the dollar depreciated its worth and closed at Rs 107.50 and Rs 108.00 on buying and selling counters, respectively. However, some of the dealers quoted buying rate of the dollar as Rs 107.60. On the other hand, the British pound lost its ground against the local currency. Pound Sterling was purchased and sold at Rs 171.95 and Rs 172.60 as against Rs 172.00 and Rs 173.00 on Wednesday.