The rupee inched up versus the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee extended overnight gains, picking up three paisas in relation to the dollar for buying and selling at Rs 104.70 and Rs 104.72 respectively, they said.
In the second Asian trade, the dollar steadied, keeping gains made in the previous session on the growing prospect of a victory for US Democratic presidential candidate Hillary Clinton after the FBI cleared her of any possibility of criminal charges in its latest probe. With hours to go before Americans vote, Clinton has about a 90 percent chance of defeating Republican Donald Trump in the race for the White House, according to the final Reuters/Ipsos States of the Nation project.
Federal Bureau of Investigation Director James Comey said in a letter to Congress on Sunday that the agency's review of newly discovered emails did not find anything to warrant any criminal charges against Clinton in the FBI's probe of her use of a private email server.
The dollar was trading against the Indian rupee at Rs 66.71, the greenback was at 4.2010 in terms of the Malaysian ringgit and the US currency was at 6.7795 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 78.47-78.49 (previous 78.47-78.48).
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Open Bid Rs.105.70
Open Offer Rs.105.90
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Bid Rate Rs.104.70
Offer Rate Rs.104.72
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According to the currency dealers, the US dollar resumed trading on its day earlier closing of Rs 105.80 and Rs 106.10 as its buying and selling rates, respectively. The short supply of the US dollar helped its appreciation at Rs 105.90 on buying counter. However, it could not sustain and declined its worth to Rs 106.05 on selling counter, respectively, they said.
Moreover, the local currency stayed weak and lost five paisa on buying side while remained unchanged on selling side in relation to the pound sterling which was bought and sold at Rs 130.70 and Rs 131.50, respectively, as compared to Monday's closing of Rs 130.65 and Rs 131.50, 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).