The rupee managed to hold overnight levels in terms of the dollar in the process of trading, dealers said. The rupee was unchanged in relation to the dollar for buying and selling at Rs 104.42 and Rs 104.44 respectively, they said.
In the second Asian trade, the yen benefited from a flight to safety as regional equities fell, while the dollar languished near three-week lows against a basket of currencies as expectations faded that the US Federal Reserve will raise interest rates this year.
Mixed Chinese trade figures released on Tuesday provided little relief. Exports fell less than expected, while imports sank more than predicted. The dollar was available against the Indian rupee at Rs 65.01, the greenback was at 4.1805 in terms of the Malaysian ringgit and the US currency was available at 6.3353 versus the Chinese yuan. 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: 05.30-06.50 percent (Previous 05.30-06.50 percent).
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Open Bid Rs.104.40
Open Offer Rs.104.60
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Bid Rate Rs.104.42
Offer Rate Rs.104.44
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Currency dealers said the dollar resumed trading on higher note at Rs. 104.60 and Rs. 104.90 on the buying and selling counters, respectively, as against Rs. 104.50 and Rs.104.80 on Monday. During Tuesday's trading, the dollar lost its worth closing at Rs. 104.50 and Rs.104.80 on the buying and selling counters, respectively.
Likewise, the British pound-local currency parity remained unchanged. The pound was purchased and sold at Rs. 158.80 and Rs. 160.00 as against same overnight rates, the dealers added.