Steadier trend was seen on the money market on Thursday in the process of trading, dealers said. The rupee managed to hold firmness against the dollar, picking up one-paisa for buying at Rs 98.16 and it rose by two-paisa for selling at Rs 98.18, they said.
In the fourth Asian trade, the euro inched lower versus the dollar on Thursday, staying on the defensive as the market turned cautious on expectations the European Central Bank may sound dovish following its policy review later in the day.
The dollar was trading against the Indian rupee at Rs 60.02, the greenback was at 3.2795 in term of the Malaysian ringgit and the US currency was at 6.208 against the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday: 77.67-77.67 (77.67-77.67). Call Money Rates: 06.50-08.25 percent (previous 05.00-08.25 percent).
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Open Bid Rs 99.80
Open Offer Rs 99.95
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Bid Rate Rs 98.16
Offer Rate Rs 98.18
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According to the currency dealers, the dollar was opened on a healthy sign and registered gain following fresh buying. At close of trading, the dollar was ended higher at Rs 100.10 and Rs 100.35 as its buying and selling rates against Rs 100.00 and Rs 100.25 of Wednesday, respectively.
However, the rupee showed strength for another day and appreciated its worth against the pound sterling. The pound was purchased and sold at Rs 166.25 and Rs 166.75 against the day earlier closing of Rs 166.75 and Rs 167.00, respectively, the dealers said.