The dollar managed to gain sharply in relation to the rupee on the money market in the process of trading, dealers said on Monday. The rupee came under pressure in terms of the dollar, dropping 45-paisa for buying at Rs 102.95 and it also shed 43-paisa for selling at Rs 102.98, they said. At a time, during the session, the rupee hit barrier of 103 versus the dollar, they added.
In the first Asian trade, the greenback held just below a six-year peak of 107.39 yen set on Friday. The euro was steady at $1.2965, having drifted up from a 14-month trough of $1.2859 last week.
The Australian dollar slid to a six-month low as worries about slower Chinese growth hit a nerve, but other major currencies held their ground ahead of this week's Federal Reserve policy meeting. The dollar was trading against the Indian rupee at Rs 61.00, the greenback was at 3.2100 versus the Malaysian ringgit and the US currency was at 6.1393 in relation to the Chinese yuan. Interbank buy-sell rates for the taka against the dollar on Monday: 77.40-77.40 (previous 77.40-77.40). Call Money Rates: 05.50-07.00 percent (Previous 05.50-06.75 percent) (revised).

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Open Bid       Rs.102.75
Open Offer     Rs.102.95
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Bid Rate       Rs.102.95
Offer Rate     Rs.102.98
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