The rupee drifted lower against the dollar on the money market on Thursday in the process of trading, they said. The rupee shed two-paisa versus the dollar for buying and selling at Rs 101.99 and Rs 102.00 respectively, they said.
In the fourth Asian trade, the dollar hit its highest since December 2002 against the yen on Thursday due to expectations that US interest rates will rise later this year, while the Australian dollar struck a six-week low following disappointing capital expenditure data. The greenback soared as high as 124.30 yen, and last stood at 124.15 yen.
The dollar was trading against the Indian rupee at Rs 63.87, the greenback was at 3.6370 in terms of the Malaysian ringgit and the US currency was at versus the Chinese yuan 6.198. Inter bank buy/sell rates for the taka against the dollar on Thursday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-7.00 percent (Previous 05.25-07.00 percent).

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Open Bid       Rs.103.50
Open Offer     Rs.103.70
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Bid Rate       Rs.101.99
Offer Rate     Rs.102.00
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