The rupee could not maintain its firmness versus the dollar on the money market on Monday, dealers said. The rupee shed three-paisa against the dollar for buying and selling at Rs 104.93 and Rs 104.95 respectively due to rising demand of the US currency, they said.
In the first Asian trade, the yen nursed broad losses and the euro was also on the defensive after the Bank of Japan (BoJ) adopted negative interest rates and sent bond yields sliding across the globe and particularly in Europe. The dollar was up 0.2 percent at 121.30 yen, after having jumped nearly 2 percent on Friday - its biggest one-day rally in over a year.
The yen received little help from Chinese economic data, which were not impressive but not poor enough to revive safety flows into the Japanese currency. Safe-haven flows into the yen driven by steep falls in global equities and crude oil took the dollar to a one-year trough below 116 in January, and some saw last week's shock BOJ easing directed towards arresting the yen's appreciation. The dollar was trading against the Indian rupee at Rs 67.65, the US currency was at 4.1550 in terms of the Malaysian ringgit and the greenback was at 6.5793 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday: 78.50-78.55 (previous 78.50-78.50).

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Open Bid       Rs.106.50
Open Offer     Rs.106.70
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Bid Rate       Rs.104.93
Offer Rate     Rs.104.95
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