No major changes were seen on the money market on Tuesday as the rupee sustained its levels versus the dollar in the process of trading, dealers said. The rupee maintained overnight level against the dollar for buying and selling at Rs 105.90 and Rs 106.10 respectively, they said.
Initially buoyed by an overnight bounce in US yields, it had briefly risen to 110.510 early in the session. The greenback has been firmly on the defensive since Friday's weaker-than-expected US non-farm payrolls report prompted investors to pare back expectations of future interest rate increases by the Federal Reserve.
Comey, the FBI director fired by US President Donald Trump in May, will be grilled by the Senate Intelligence Committee on whether Trump tried to get him to back off an investigation into alleged ties between the president's 2016 campaign and Russia. The dollar was available against the Indian rupee at Rs 64.333, the greenback was at 4.255 in terms of the Malaysian ringgit and the US currency was at 6.797 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 80.59-80.60 (previous 80.57-80.59).
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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 its overnight trend of Rs 105.85 and Rs 106.10 as its buying and selling rates, respectively.
At the close, it moved by five-paisa on both sides and ended at Rs 105.90 and Rs 106.05 respectively, they added.
Furthermore, the local currency failed to hold its strength as it registered reduction versus the pound sterling.
The pound's buying and selling rates went up from Monday's closing rates of Rs 133.70 and Rs 136.50 to Rs 136.20 and Rs 137.00 respectively, they said.
The dollar opened at Rs 105.90 (buying) and Rs 106 (selling) against same last rate. It closed at the same rate.