Firmness prevailed on the money market on Wednesday as the rupee held the overnight level against the dollar in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 104.66 and Rs 104.68 respectively, dealer said.
In the third Asian trade, the dollar dipped on Wednesday as investors locked in gains following its steep rise against the yen after intervention warnings from Japanese officials. The dollar index, which tracks the greenback against a basket of six rival currencies, shed 0.2 percent to 94.126, moving away from its two-week high of 94.356 set overnight. However, it remained well above a 15-month trough of 91.919 set on May 3. The dollar fell 0.4 percent to 108.83 after climbing to a two-week high of 109.38 yen early in the Asian session.
The dollar was trading against the Indian rupee at Rs 66.72, the greenback was at 4.0505 versus the Malaysian ringgit and the US currency was available at 6.5145 against the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday: 78.40-78.40 (previous 78.40-78.40).
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Open Bid Rs.104.70
Open Offer Rs.104.90
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Bid Rate Rs.104.66
Offer Rate Rs.104.68
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The dollar resumed trading at its overnight closing of Rs 105.10 and Rs 105.30 as its buying and selling rates, respectively. However, at close of trading, the dollar marginally improved on buying side and ended at Rs 105.15 while its selling rate did not observe any change and ended at its opening level of Rs 105.30, the dealers said.
On the other hand, the rupee stayed strong and improved its strength against the British pound. The Pound's buying and selling rates declined from the Tuesday's closing of Rs 150.80 and Rs 151.50 to Rs 150.50 and Rs 151.30, 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).