The rupee inched up against the dollar on the money market on Tuesday in the process of trading, they said. The rupee recovered more five-paisa in relation to the dollar for buying and selling at Rs 101.85 and Rs 101.87 respectively, they said.
In the second Asian trade, the dollar hovered at fresh 12-1/2 year highs against the yen on Tuesday having extended a bullish run after upbeat US data helped it crack tough resistance. Dollar bulls latched onto a survey showing a pick up in US manufacturing activity and construction spending that pushed Treasury yields higher, while discounting less upbeat data on consumer spending.
The dollar was trading against the Indian rupee at 63.75, the greenback was at 3.6885 versus the Malaysian ringgit and US currency was available at 6.1974 in terms of 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: 05.30-6.75 percent (Previous 05.25-06.75 percent).
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Open Bid Rs.102.90
Open Offer Rs.103.15
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Bid Rate Rs.101.85
Offer Rate Rs.101.87
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The dollar, because of selling pressure, slipped to Rs 102.90 and Rs 103.10 for buying and selling rate against the overnight closing of Rs. 103.20 and Rs. 103.50. The rupee also remained strong and appreciated its worth against the pound sterling whose buying and selling rate further declined from the Monday's closing of Rs 157.00 and Rs 157.50 to Rs 156.50 and Rs 156.75.
The dollar opened at Rs 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling). Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).