The rupee moved both ways against the dollar on the money market during the week, ended on September 12, 2015. In the interbank market, the rupee lost 11 paisas versus the dollar for buying and selling at Rs 104.43 and Rs 104.45.
In the open market, the rupee, however, gained five paisas in relation to the dollar fro buying and selling at Rs 104.40 and Rs 104.60. The rupee failed to retain its firmness versus the euro, losing Rs 1.70 for buying and selling at Rs 117.70 and Rs 118.70.
The rupee moved cautiously versus the dollar despite higher for the greenback, experts said. It was observed that demand for dollars persisted and it looks that the rupee may shed it's gains with slow pace.
INTERBANK MARKET RATES: On September 7, the rupee could not come out of present weakness, losing nine paisas in terms of the dollar for buying and selling at Rs 104.33 and Rs 104.35. On September 8, the rupee continued fall versus the dollar, falling 11 paisas for buying and selling at Rs 104.44 and Rs 104.47.
On September 9, the rupee picked up nine paisas in terms of the dollar for buying and selling at Rs 104.35 and Rs 104.38. On September 10, the rupee gained four paisas in terms of the dollar for buying and selling at Rs 104.32 and Rs 104.34. On September 11, the rupee dropped 11 paisas in terms of the dollar for buying and selling at Rs 104.43 and Rs 104.45.
OPEN MARKET RATES: On Monday the rupee showed no change in relation to the dollar for buying and selling at Rs 104.45 and Rs 104.65. The rupee also did not show any variations in terms of the euro for buying and selling at Rs 116.00 and Rs 117.00: On Tuesday, the rupee picked up five paisas in relation to the dollar for buying and selling at Rs 104.40 and Rs 104.60. The rupee also gained 25 paisas in terms of the euro for buying and selling at Rs 115.75 and Rs 116.75.
On Wednesday, the rupee sustained overnight levels in relation to the dollar for buying and selling at Rs 104.40 and Rs 104.60. The rupee adopted the same pattern, showing no change against the euro for buying and selling at Rs 115.75 and Rs 116.75.
On Thursday, the rupee did not move any side versus the dollar for buying and selling at Rs 104.40 and Rs 104.60. The rupee, however, lost 75 paisa against the euro for buying and selling at Rs 116.50 and Rs 117.50.
On Friday, the rupee sustained it's last levels versus the dollar for buying and selling at Rs 104.40 and Rs 104.60. The rupee extended overnight decline against the euro, losing 70 paisa for buying and selling at Rs 117.20 and Rs 118.20. on Saturday, the rupee managed to hold it's levels versus the dollar for buying and selling at Rs 104.40 and Rs 104.60. The rupee shed 50 paisa in terms of the dollar for buying and selling at Rs 117.70 and Rs 118.70.
OVERSEAS OUTLOOK FOR DOLALRS: In the first Asian trade, the dollar clawed back some of the ground it had lost against the yen, after skidding on mixed US employment data that failed to bring much clarity to the timing of the US Federal Reserve's long-awaited interest rate hike.
The dollar added about 0.3 percent against the yen to 119.38, moving away from a session low of 118.66 and taking back some of Friday's 1 percent tumble, though many investors said the greenback's downside remains vulnerable.
The dollar was trading against the dollar at Rs 66.70, greenback was at 4.3070 in terms of the Malaysian ringgit and the US currency was available at 6.3676 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday: 77.80-77.80 (previous 77.80-77.81). Call Money Rates: 05.30-6.50 percent (Previous 05.25-06.50 percent).
In the second Asian trade, the dollar dipped against the yen, reversing earlier modest gains as Asian equities tottered and put the safe-haven Japanese currency in favour. Trading was subdued due to the closure of US markets on Monday for a holiday. The dollar lost 0.2 percent to 119.00 yen, sliding from a high of 119.53 as Japanese and Chinese shares declined and dented risk appetite.
The euro gained 0.2 percent to $1.1190. "In terms of dollar/yen, it has been led back and forth by equities-particularly the impact of Chinese shares on Japanese stocks," said Koji Fukaya, president of FPG Securities in Tokyo.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.30-6.50 percent (Previous 05.25-06.50 percent.
The dollar was trading against the Indian rupee at Rs 66.82, the greenback was at 4.3650 in terms of the Malaysian ringgit and the US currency was at 6.369 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Wednesday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.50 percent (Previous 05.25-06.50 percent).
In the third Asian trade, the dollar gained against the safe-haven yen, boosted by a surge in global stocks amid a recovery in risk appetite that also drove rallies in commodity currencies such as the Australian and Canadian dollars.
The dollar was up 0.4 percent at 120.29 yen, extending gains from an overnight low of 118.885, with a spike in US debt yields on reduced risk aversion helping the greenback.
The dollar was trading against he Indian rupee at Rs 66.34, the greenback was at 4.3210 in terms of the Malaysian ringgit and the US currency was at 6.3730 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Wednesday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.50 percent (Previous 05.25-06.50 percent).
In the fourth Asian trade, the New Zealand dollar tumbled after the country's central bank cut its benchmark interest rate and said it may ease policy further, especially if the South Pacific nation's economy is weakened by a potentially sharper downturn in China.
The kiwi fell 2.0 percent to $0.6275. It slumped to a low of $0.6256 at one point, down from $0.6405 in late US trading on Wednesday.
The dollar was trading against the Indian rupee at Rs 66.41, the US currency was at 4.3450 in terms of the Malaysian ringgit and greenback was at 6.3825 in relation to the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Thursday: 77.80-77.81 (previous 77.80-77.80). Call Money Rates: 05.30-6.50 percent (Previous 05.25-06.50 percent).
In the final Asian trade, the dollar extended gains against the yen on Friday on increased prospects of more easing by the Bank of Japan, while the Aussie stood tall after catching a lift from upbeat employment data.
The greenback was up 0.2 percent at 120.82 yen after scaling a 10-day high of 121.38 overnight. The dollar was headed for a 1.5 percent weekly gain.
The dollar was trading against the Indian rupee at Rs 66.37, the US currency was at 4.3100 in terms of the Malaysian ringgit and the greenback was at 6.3732 in relation to the Chinese yuan.
At the week-end, the dollar drifted lower in thin, listless trading ahead of next week's Federal Reserve policymaking meeting that may yield the first interest rate increase in the United States in nearly a decade.
The dollar index, a basket of currencies valued against the dollar, traded in a small range and rose briefly when the government reported US producer prices were unexpectedly flat during August.