THE RUPEE: slight changes

21 Jun, 2016

The rupee depicted slight changes against the dollar on Monday in the process of trading, dealer said. The rupee shed one-paisa versus the dollar for buying and selling at Rs 104.75 and Rs 104.77 respectively, dealer said.
In the first Asian trade, sterling rallied as opinion polls swung in favour of British voters opting to remain in the European Union at this week's referendum, underpinning risk sentiment and sending the perceived safe-haven yen tumbling.
The pound climbed 1.6 percent to $1.4589, extending a recovery from last Thursday's more than two-month trough of $1.4013.
It jumped more than 2 percent to 152.65 yen, pulling well away from a three-year trough around 145.34 set on Thursday. Investors took heart after three of six opinion polls published over the weekend showed a shift towards keeping Britain in the EU, but the June 23 vote still looked too close to call. The dollar was trading against the Indian rupee at Rs 67.36, the US currency was trading versus the Malaysian ringgit at 4.0715 and the greenback was at 6.5784 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 78.400-78.40 (previous 78.40-78.40.



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Open Bid Rs.104.90
Open Offer Rs.105.10
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Bid Rate Rs.104.75
Offer Rate Rs.104.77
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On the other hand, the rupee failed to hold its strength and witnessed a considerable loss against the British pound.
The pound's buying and selling rate improved from the previous closing of Rs 150.00 and Rs 151.50 to Rs 152.20 and Rs 153.30, respectively, they added.
The dollar resumed trading at Rs 105.50 (buying) and Rs 106 (selling) against last rate of 105.60 (buying) and Rs 106.10 (selling). It did not observe further change in the last trading hours and closed at Rs 105.50 (buying) and Rs 106 (selling).
Pound Sterling opened at Rs 151.60 (buying) and Rs 152 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 151.60 (buying) and Rs 152 (selling).

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