Slight changes were seen on the money market on Thursday as the rupee did not move sharply against the dollar on the money market in the process of trading, dealers said. The rupee almost traded in its overnight levels versus the dollar for buying and selling at Rs 104.86 and Rs 104.88 respectively, dealers said.
The Aussie dropped around half a US cent after a disappointing economic report from China, Australia's top export market. A private survey of China's manufacturing activity contracted in May for the first time in nearly a year. That contrasted with an official survey released on Wednesday showing activity remained in expansionary territory.
"AUD was enjoying a surprise rebound from retail sales today, for all of a couple of minutes before China's manufacturing PMI spoiled the party," said Matt Simpson, a senior analyst at ThinkMarkets. The common currency clocked a gain of more than 4 percent in May for the second consecutive month. A break of A$1.5363 would target the May 2016 high of A$1.5644.
The Aussie fell hard against the safe-haven Swiss franc to stand near one-year lows. The dollar was trading against the Indian rupee at Rs 64.475, the greenback was at 4.287 versus the Malaysian ringgit and the US currency was at 6.800 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 80.57-80.57 (previous 80.57-80.57).
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Open Bid Rs.105.90
Open Offer Rs.106.10
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Bid Rate Rs.104.86
Offer Rate Rs.104.88
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According to currency dealers, the dollar commenced trading on a mixed pattern following divergent trend in the market. At the close, it was ended at Rs 105.90 and Rs 106.10 on buying and selling sides as compared to the overnight closing rates of Rs 105.80 and Rs 106.15 respectively, they added.
Moreover, the national currency registered reduction versus the pound sterling. The pound's buying and selling rates went up from Wednesday's closing rates of Rs 135.00 and Rs 135.80 to Rs 135.50 and Rs 136.50 respectively, they said.
The dollar opened at Rs 105.90 (buying) and Rs 106 (selling) against last rate of Rs 106.05 (buying) and Rs 106.15. It closed at Rs 105.90 (buying) and Rs 106 (selling). Pound Sterling opened at Rs 135 (buying) and Rs 135.50 (selling). It closed at the same rate.