The US currency extended overnight gains versus the rupee on the money market on Tuesday in the process of trading, dealers said. The rupee surrendered further gains against the dollar, losing 10-paisa for buying and selling at Rs 101.85 and Rs 101.86 respectively, they said.
In the second Asian trade, the dollar edged higher against the yen, but traders were wary of making too many bets on the currency ahead of congressional testimony by Federal Reserve Chair Janet Yellen.
The dollar was trading against the Indian rupee at Rs 62.26, the greenback was at 3.6260 in terms of the Malaysian ringgit and the US currency was at 6.2551 against the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-09.00 percent (Previous 07.00-09.00 percent).
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Open Bid Rs 101.80
Open Offer Rs 102.00
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Bid Rate Rs 101.85
Offer Rate Rs 101.86
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According to the currency dealers, the dollar was opened on a depressed note and could not sustain due to selling pressure. At close, the dollar was ended lower at Rs 101.75 and Rs 102.00 as its buying and selling rate against Rs 101.85 and Rs 102.10 of Monday, respectively, the dealers said.
However, the rupee failed to maintain upward move and was depreciated against the pound sterling. The pound was traded at Rs 156.75 and Rs 157.00 on buying and selling counter compared with day earlier closing of Rs 156.00 and Rs 156.25, respectively, they added.
The dollar opened at Rs 100.75 (buying) and Rs 101 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 100.75 (buying) and Rs 101 (selling).
Pound Sterling opened at Rs 152 (buying) and Rs 153 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 152 (buying) and Rs 153 (selling).