The dollar managed to recover further versus the rupee on the money market on Thursday in the process of trading, dealers said. The rupee maintained its levels for the third day in relation to the dollar for buying and selling at Rs 104.70 and Rs 104.72 respectively, they said.
Prices fell on benchmark 10-year Treasury notes and 30-year bonds, pushing yields to their highest levels in 10 months on Wednesday. The dollar was up 0.2 percent at 105.83 after rising as high as 105.895, the highest since July 27.
The dollar was trading against the Indian rupee at Rs 66.35, the greenback was available at 4.2490 and the US currency was at 6.7918 in terms of the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday: 78.49-78.50 (previous 78.47-78.49).
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Open Bid Rs.105.90
Open Offer Rs.106.10
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Bid Rate Rs.104.70
Offer Rate Rs.104.72
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According to currency dealers, the US dollar commenced trading on a positive note and kept moving up during the day's trading session. At the close, the dollar ended higher at Rs 106.00 and Rs 106.20 on buying and selling sides, respectively, as compared to Wednesday's closing of Rs 105.90 and Rs 106.10, respectively, they said.
Versus the pound sterling, the local currency also followed the same suit. The pound's buying and selling rates drifted up from the overnight closing of Rs 130.60 and Rs 131.70 to Rs 130.80 and Rs 131.80, respectively, the dealers added.