The rupee fell modestly against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee shed three-paisa versus the dollar for buying and selling at Rs 101.93 and Rs 101.95 respectively, they said.
In the fourth Asian trade, the dollar stepped back in Asian trade on Thursday but held close to a two-week peak against a basket of major currencies as investors focused on the pace of the US Federal Reserve's coming interest rate hikes.
Minutes from the Federal Reserve's April meeting contained no major surprises, doing little to change expectations that the Fed will probably wait until late this year before raising rates.
The dollar was trading against the Indian rupee at Rs 63.74, the greenback was at 3.6025 versus the Malaysian ringgit and the US currency was available at 6.2021. Interbank buy/sell rates for the taka against the dollar on Thursday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-7.25 percent (Previous 05.25-07.50 percent).

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Open Bid       Rs 102.90
Open Offer     Rs.103.10
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Bid Rate       Rs.101.93
Offer Rate     Rs.101.95
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