The rupee posted fresh gains against the dollar and euro on the money market on Thursday in the process of trading, dealers said. The rupee picked up 30-paisa versus the dollar for buying and selling at Rs 102.20 and Rs 102.35 respectively, they said.
In the fourth Asian trade, the euro held steady versus the dollar on Thursday, having recovered from one-year lows set earlier this week as investors repositioned ahead of the European Central Bank policy review. News of a ceasefire plan in eastern Ukraine further shored up the common currency, although this is now in doubt after Ukraine's prime minister dismissed the proposal outlined by President Vladimir Putin.
The dollar was trading against the Indian rupee at Rs 60.47, the greenback was at 3.1760 versus the Malaysian ringgit and the US currency was at 6.1351 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 77.40-77.40 (previous 77.40-77.41). Call Money Rates: 05.50-06.75 percent (Previous 05.50-06.75 percent).
========================
Open Bid Rs.101.60
Open Offer Rs.101.80
========================
========================
Bid Rate Rs.102.20
Offer Rate Rs.102.35
========================
According to the currency dealers, the dollar was opened on a depressed note and kept on moving down throughout the day because of selling pressure. At close of trading, the dollar was ended at Rs 101.50 and Rs 101.75 against Rs 102.15 and Rs 102.40 on buying and selling side, respectively.
The rupee also showed strength and was appreciated against the pound sterling that was traded at Rs 166.60 and Rs 166.85 on buying and selling counter, compared with the day earlier closing of Rs 167.75 and Rs 168.00, respectively, the dealers said.