The rupee gave up overnight gains against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee lost 23-paisa against the dollar for buying and selling at Rs 104.05 and Rs 104.10 respectively, they said.
In the forth Asian trade, the euro held on to solid gains and stayed above the $1.10 big figure after comments from a central banker suggested markets had been expecting too much stimulus from the European Central Bank.
The common currency last stood at $1.1021, having scaled a one-month peak of $1.1044. The move extended last week's 2.8 percent short-covering rally after the ECB fell well short of delivering the aggressive easing that markets expected.
Responding to accusations of miscommunication, Governing Council member Ewald Nowotny on Wednesday said it was market analysts that failed to assess properly signals the ECB was sending and they should have paid more attention to economic fundamentals.
The dollar was trading against the Indian rupee at Rs 66.81, the greenback was at 4.2600 in terms of the Malaysian ringgit and the US currency was at 6.4388 versus the Chinese Yuan.
Inter bank buy/sell rates for the taka against the dollar on Thursday: 78.90-78.95 (previous 78.94-78.95).

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Open Bid       Rs.105.60
Open Offer     Rs.105.90
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Bid Rate       Rs.104.05
Offer Rate     Rs.104.10
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