THE RUPEE: no visible changes

22 Dec, 2016

No major changes were witnessed on the money market on Wednesday as the rupee firmly held the overnight levels against the dollar in the process of trading, dealers said. The rupee was almost unchanged in terms of the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said.
The dollar was trading against the Indian rupee at Rs 67.91, the US currency was at 4.4770 versus the Malaysian ringgit and the greenback was at 6.9500 in relation to the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Wednesday: 78.80-78.85 (previous 78.85-78.85).


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Open Bid Rs.108.00
Open Offer Rs.108.20
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Bid Rate Rs.104.84
Offer Rate Rs.104.85
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The trading of US dollar resumed at last closing of Rs 108.05 and Rs 108.30 as its buying and selling rates, respectively. The short supply of the dollar helped its appreciation at Rs 108.20 on buying counter. However, no change in the value of dollar took place as it sustained its overnight trend of Rs 108.30 on selling counter, they added.
Moreover, the local currency failed to sustain its worth versus the pound sterling. The pound's buying and selling rates improved from the day earlier closing rates of Rs 132.70 and Rs 133.70 to Rs 133.20 and Rs 134.20, respectively, they said.
The dollar resumed trading at Rs 107 (buying) and Rs 107.50 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 107 (buying) and Rs 107.50 (selling).
Pound Sterling opened at Rs 135 (buying) and Rs 135.10 (selling) against same last week's rate. It did not observe further change in the second session and closed at Rs 135 (buying) and Rs 135.10 (selling).

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