The rupee failed to halt its slide against the dollar on the money market on Monday in the process of strong demand for the greenback, dealers said.
In the first Asian trade, the yen started the new week at four-year lows versus the euro and a four-month trough on the dollar, still very much the funding currency of choice in a trend that is likely to continue in this US holiday-shortened week.
Latest data showed currency speculators increased net short positions in the Japanese currency to the most in six years, reflecting a belief the Bank of Japan will stay the most aggressive in maintaining its massive stimulus program among major central banks.
Inter bank buy/sell rates for the taka against the dollar on Monday: 77.75-77.7525 (77.75-77.75). Call Money Rates: 06.00-07.75 percent (previous 06.00-08.00 percent. The dollar was trading against the Indian rupee at Rs 62.87, the greenback was at 3.2150 in terms of the Malaysian ringgit and the US currency was available at 6.091 versus the Chinese Yuan.
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Open Bid Rs 108.15
Open Offer Rs 108.20
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Bid Rate Rs 108.80
Offer Rate Rs 109.00
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According to the currency dealers, the dollar resumed trading on a positive note and kept on rising following interest on the part of buyers. At the close, the dollar was traded at Rs 109.00 and Rs 109.25 as its buying and selling rates against Rs 108.85 and Rs 109.10 of last Saturday, respectively, the dealers said.
Similarly, the national currency remained depressed on buying side but it was improved on selling side in relation to the pound sterling. The pound was purchased and sold at Rs 175.00 and Rs 175.25, compared with last week closing of Rs 174.75 and Rs 175.40, respectively, they added.
The dollar opened at Rs 108.40 for buying and Rs 108.50 for selling against same last rate. It did not observe further change in the second session and closed at Rs 108.40 for buying and Rs 108.50 for selling.
Pound Sterling opened at Rs 172 for buying and Rs 172.50 for selling against same last rate. It closed at the same rate without further change by the end of evening session.