The rupee moved both ways against the dollar on Tuesday in the process of trading, dealers said. The rupee shed two paisas versus the dollar for buying and selling at Rs 104.78 and Rs 104.80 respectively, dealer said.
In the second Asian session, The dollar set a fresh 18-month low versus the yen on Tuesday, as the yen rose in a holiday-thinned market, while the Australian dollar held firm ahead of an interest rate decision from Australia's central bank.
The dollar last traded at 106.21 yen, down 0.2 percent on the day. The greenback fell to as low as 106.05 yen at one point, its lowest level since October 2014. The yen's rise occurred in thin trading conditions with Japanese markets closed from Tuesday to Thursday for public holidays. The dollar was trading against the Indian rupee at Rs 66.33, the greenback was at 3.9250 in terms of the Malaysian ringgit and the US currency was at 6.4748 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 78.40-78.40 (previous 78.40-78.40).
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Open Bid Rs.104.80
Open Offer Rs.105.00
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Bid Rate Rs.104.78
Offer Rate Rs.104.80
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According to the currency dealers, the dollar commenced trading on a depressed note and registered decline following diminishing demand. As a result, the dollar ended lower at Rs 104.60 and Rs 105.20 on buying and selling side against the overnight closing of Rs 105.10 and Rs 105.40, respectively, the dealers said.
On the contrary, the rupee remained under pressure and lost its worth against the pound sterling. The pound's buying and selling rates improved from the Monday's closing of Rs 152.30 and Rs 153.50 to Rs 152.80 and Rs 154.35, respectively, they added.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against same last rate. 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).