Divergent trend was seen on the money market on Tuesday as the rupee played both sides versus the dollar in the process of trading, dealers said. The rupee inched up by two paisas against the dollar for buying and selling at Rs 104.76 and Rs 104.77 respectively, they said.
The rupee also dropped by 25 paisas in terms of the euro for buying and selling at Rs 116.00 and 117.50, they said. In the second Asian trade, the dollar took a breather from its recent gains, edging away from seven-month highs against a currency basket as investors took stock of US interest rate expectations in coming months. The dollar index, which tracks the greenback against six major rivals, slipped 0.2 percent to 97.711, after rising as high as 98.169 in the previous session, its highest since March 10.
The dollar was available against the Indian rupee at Rs 66.75, the greenback was trading versus the Malaysian ringgit at 4.2035 and the US currency was at 6.7400 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.105.50
Open Offer     Rs.105.70
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Bid Rate       Rs.104.76
Offer Rate     Rs.104.77
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