Smooth supply of dollars helped the rupee to continue its recovery in relation to the dollar in the currency market on Monday, dealers said. The rupee maintained its upward journey in relation to the dollar for buying and selling at Rs 104.10 and Rs 104.13 respectively, they said.
In the first Asian trade, the dollar extended its post-payrolls gains in a sluggish start to the week with the Lunar New Year holidays and the Super Bowl game all but guaranteeing a tepid session in Asia. The dollar index ticked up 0.1 percent to 97.144, after having climbed 0.6 percent on Friday thanks to an upbeat non-farm payrolls report. The euro traded at $1.1131, having retreated from a three-month peak of $1.1250 touched on Friday. Interbank buy/sell rates for the taka against the dollar on Monday: 78.68-78.75 (previous 78.67-78.70).
========================
Open Bid Rs 105.50
Open Offer Rs.105.70
========================
========================
Bid Rate Rs.104.10
Offer Rate Rs.104.13
========================
It then did end lower at Rs 105.35 and Rs 105.80 as its buying and selling against Rs 105.60 and Rs 106.00 of last Saturday. The rupee too was weak against the British pound following buyers' interest. The pound finished higher at Rs 152.00 and Rs 153.00 as compared with the last week closing of Rs 151.50 and Rs 152.50.