Range-bound trading activity was seen on the money market on Wednesday as the rupee showed little movements against the dollar in the process of trading, dealers said. The rupee shed by two-paisa against the dollar for buying and selling at Rs 104.43 and Rs 104.44 respectively, they said.
In the third Asian trade, the euro firmed against the dollar and yen after solid euro zone data tempered prospects of the European Central Bank implementing additional stimulus before year-end.
The euro was about 0.2 percent to $1.1362, adding to Tuesday's modest gains, after it had struck a 10-day trough of $1.1306 at the start of the week. Against the yen, the euro firmed about 0.2 percent to 136.20. The dollar was trading against the Indian rupee at Rs 65.11, the greenback was at 4.2950 in terms of the Malaysian ringgit and the US currency was available at 6.342 against the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday: 77.80-77.82 (previous 77.80-77.80).
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Open Bid Rs.104.45
Open Offer Rs.104.65
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Bid Rate Rs.104.43
Offer Rate Rs.104.44
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The currency dealers said the rupee lost 10-paisa for buying and selling at Rs 104.70 and Rs 104.95 against the dollar as compared to its Tuesday closing of Rs 104.60 and Rs 104.85, respectively.
However, the rupee-pound sterling parity stayed unchanged amid sluggish trading trend. The pound was traded at its day earlier closing of Rs 161.00 and Rs 161.70 on buying and selling side, respectively, they added.
The dollar opened at Rs 104 (buying) and Rs 104.25 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 104 (buying) and Rs 104.25 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).