The rupee could not maintain its upward journey against the dollar on the interbank market on Thursday, dealers said. The rupee dropped by 15-paisa against the dollar for buying at Rs 102.35 and it also lost 10-paisa for selling at Rs 102.40, they said.
In the fourth Asian trade, the euro inched higher and held above a one-year low versus the dollar, getting some respite as feverish speculation of an imminent round of easing by the European Central Bank cooled. Sources told Reuters on Wednesday that the ECB is unlikely to take new policy action next week unless inflation figures on Friday show the euro zone sinking significantly towards deflation.
The dollar was trading against the Indian rupee at Rs 60.41, the greenback was at 3.1460 in terms of the Malaysian ringgit and the US currency was at 6.1428 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday: 77.40-77.41 (previous 77.40-77.41). Call Money Rates: 05.50-06.75 percent (previous 05.50-06.75 percent).
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Open Bid Rs.101.70
Open Offer Rs.101.90
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Bid Rate Rs.102.35
Offer Rate Rs.102.40
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According to the currency dealers, the dollar resumed trading on a healthy sign and kept on rising following fresh demand. The dollar was jumped to Rs 102.00 and Rs 102.25 on buying and selling side against Rs 101.25 and Rs 101.50 of Wednesday, respectively, the dealers said.
Likewise, the rupee could not sustain and was depreciated against the pound sterling. The pound was purchased and sold at Rs 168.00 and Rs 168.25 compared with day earlier closing of Rs 166.25 and Rs 166.50, respectively, they added.
The dollar opened at Rs 102.00 (buying) and Rs 102.10 (selling) against last rate. It did not observe further change in the second session and closed at Rs 102.00 (buying) and Rs 102.10 (selling).
Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).