The rupee managed to sustain its overnight levels against the dollar on the money market on Wednesday in the process of trading, dealer said. The rupee inched up by one paisa in terms of dollar for buying and selling at Rs 104.73 and Rs 104.75 respectively, dealer said.
In the third Asian trade, the yen gained in Asian trade on Wednesday while a semblance of stability helped the pound and the euro hover above their post-Brexit lows, though the battered European currencies remain hampered by longer term uncertainty.
Even as the markets' risk averse mood eased slightly and regional equities gained, lessening the appeal of the perceived safe-haven yen, the dollar shed 0.4 percent to 102.34 yen. But it held far above its 2-1/2-year low of 99.00 touched in highly volatile trade on Friday in the immediate aftermath of the UK referendum.
The dollar was trading against the Indian rupee at Rs 67.82, the US currency was at 4.0570 in terms of the Malaysian ringgit and the greenback was at 6.6525 versus 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).
========================
Open Bid Rs.104.90
Open Offer Rs.105.10
========================
========================
Bid Rate Rs.104.73
Offer Rate Rs.104.75
========================
According to the currency dealers, the dollar resumed trading at its overnight closing of Rs 104.80 and Rs 105.30 as its buying and selling rates, respectively. The short supply helped the greenback to end on higher side at Rs 105.00 on buying counter while its selling rate declined to Rs 105.25, respectively.
Moreover, the rupee showed strength as it appreciated against the British pound. The pound's buying and selling rate declined from the Tuesday's closing of Rs 143.00 and Rs 145.00 to Rs 142.00 and Rs 143.80, respectively, they added.
The dollar opened at Rs 104.50 (buying) and Rs 105 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 104.50 (buying) and Rs 105 (selling).
Pound Sterling opened at Rs 137.50 (buying) and Rs 138 (selling). It did not observe further change in the second session and closed at Rs 137.50 (buying) and Rs 138 (selling) by the end of second session.