A marginal recovery was witnessed in the value of the rupee against the dollar on the local currency market on Thursday, dealers said. The rupee inched up by two-paisa against the dollar for buying and selling at Rs 105.44 and 105.46 respectively, they said.
The dollar index dipped 0.2 percent to 98.827, drifting down from a 7-month peak of 99.504 set on Tuesday. The greenback was at 122.88 yen, off a 2-1/2 month high of 123.60 set earlier in the week. The euro was up 0.2 percent at $1.0763, having gone as low as $1.0674 this week - a level seen in late April. It was up 0.3 percent versus the yen at 132.25, pulling away from Friday's six-month trough of 131.45.
The dollar was at Rs 66.31 versus the Indian rupee, the greenback was available at 4.3695 in terms of the Malaysian ringgit and the US currency was at 6.366 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 78.46-78.48 (previous 78.40-78.41).
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Open Bid Rs 106.00
Open Offer Rs.106.20
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Bid Rate Rs.105.44
Offer Rate Rs.105.46
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At close, the dollar ended higher at Rs 106.30 and Rs 106.70 on buying and selling side against Rs 106.20 and Rs 106.50 of Wednesday, respectively. Similarly, the rupee maintained downward slide and further declined against the pound sterling that was traded at Rs 161.10 and Rs 162.00 on buying and selling counter as compared with the day earlier closing of Rs 160.50 and Rs 161.00, respectively.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against overnight value of Rs 105 (buying) and Rs 105.20 (selling). It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (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).