THE RUPEE: dollar gains

26 Oct, 2016

The dollar posted fresh gains against the rupee on the money market on Tuesday, dealers said. The rupee was almost unchanged versus the dollar for buying and selling at Rs 104.83 and Rs 104.85 respectively, they said. In the second Asian trade, the dollar held near nine-month highs against a basket of major currencies on Tuesday as solid US manufacturing activity and comments from a Federal Reserve official cemented expectations of a US rate hike by year-end.
The dollar was trading against the Indian rupee at Rs 66.88, the greenback was available at 4.1725 versus the Malaysian ringgit and US currency was at 6.7760 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).


========================
Open Bid Rs.105.70
Open Offer Rs.105.90
========================


========================
Bid Rate Rs.104.83
Offer Rate Rs.104.85
========================

The trading activity of the greenback resumed on a good note and registered surge in its worth during the day's trading. Due to the short supply, the greenback further ended at Rs 106.00 and Rs 106.15 on buying and selling sides, respectively, as compared to the day earlier closing of Rs 105.85 and Rs 106.00, local currency dealers said.
On the contrary, the rupee showed strength and remained unchanged versus the pound sterling on buying side while it remained strong and further recovered by 20-paisa on the selling side. The pound was bought and sold at Rs 129.00 and Rs 129.40 against the Monday's closing of Rs 129.00 and Rs 129.60, respectively, they added.
The dollar opened at Rs 105 (buying) and Rs 105.10 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Pound Sterling opened at Rs 132 (buying) and Rs 133 (selling). It did not observe further change in the second session and closed at Rs 132 (buying) and Rs 133 (selling).

Read Comments