The rupee moved both ways against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee gained eight paisas versus the dollar for buying and selling at Rs 104.75 and Rs 104.77 respectively, they said.
In the second Asian trade, the dollar was on the back foot and the safe-haven yen was buoyant as caution gripped the market ahead of the closely-watched US presidential debate. The dollar was trading against the Indian rupee at Rs 66.49, the greenback was available at 4.1160 in terms of the ringgit and the US currency was at 6.6697 versus 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 105.10
Open Offer Rs 105.30
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Bid Rate Rs 104.75
Offer Rate Rs 104.77
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The dollar commenced trading on a negative note and remained under selling pressure during the day's trading session. At close of trading, the dollar ended at Rs 105.00 and Rs 105.55 on buying and selling sides, respectively, as compared to the overnight closing of Rs 104.90 and Rs 105.50, said local currency dealers.
Versus the pound sterling, the local currency followed the same pattern. The pound's buying and selling rates went up from the Monday's closing of Rs 134.20 and Rs 135.60 to Rs 134.70 and Rs 135.70, 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.