An easier trend prevailed on the money market on Tuesday as the rupee depreciated against the dollar sharply in the process of trading, dealers said. Similarly, the rupee also shed 23 paisas in relation to the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said.
The euro was sulking at $1.0461 despite strong manufacturing data for the currency bloc, having surrendered all of Friday's brief spike to $1.0700. The dollar was trading against the Indian rupee at Rs 68.10, the greenback was at 4.4900 versus the Malaysian ringgit and the US currency was available at 6.9547 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 78.70-78.70 (previous 78.70-78.70).
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Open Bid Rs.108.40
Open Offer Rs.108.60
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Bid Rate Rs.104.84
Offer Rate Rs.104.85
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The trading of the US dollar commenced on a positive note and kept on moving up during the day's trading session.
At the close, the short supply of the dollar helped its appreciation at Rs 108.20 and Rs 108.60 on buying and selling sides, respectively, as compared to the overnight closing rates of Rs 107.70 and Rs 108.50, said the local currency dealers.
However, the Pakistani rupee stayed weak and depreciated on buying side while it recovered by 10-paisa on selling side versus the pound sterling.
The British currency was bought and sold at Rs 132.00 and Rs 132.50 against the Monday's closing rates of Rs 131.40 and Rs 132.60, respectively, they added.
The dollar resumed trading at Rs 108 (buying) and Rs 108.50 (selling) against last rate of Rs 107 (buying) and Rs 107.50 (selling). It did not observe further change in evening session and closed at Rs 108 (buying) and Rs 108.50 (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).