THE RUPEE: steadier trend

11 Aug, 2017

The rupee managed to hold overnight levels against the dollar on the money market on Thursday in process of trading, dealers said. The rupee was unmoved versus the dollar for buying and selling at Rs 105.39 and Rs 105.40, they said.
The rupee picked up 20 paisas in terms of the euro for buying and selling at Rs 124.60 and Rs 125.60.
In the fourth Asian trade, the Swiss franc eased versus the dollar, but still held on to the bulk of hefty gains made the previous day as heightened tensions between the United States and North Korea sent investors looking for havens.
Against the greenback, the Swiss franc eased about 0.1 percent to 0.9645 per dollar, having surged about 1.1 percent on Wednesday.
The Swiss franc last stood at 1.1332 per euro, down slightly on the day.
The yen also eased slightly against the dollar, losing some steam after having risen on Wednesday to its highest level in nearly eight weeks.
The dollar edged up about 0.1 percent to 110.16 yen, up from Wednesday's low of 109.56 yen, which was the dollar's lowest level since June 15.
The dollar was trading against the Indian rupee at Rs 63.990, the greenback was at 4.292 versus the Malaysian ringgit and the US currency was at 6.671 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday. 80.70-80.70 (previous 80.70-80.70).



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Open Bid Rs.106.70
Open Offer Rs.106.90
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Bid Rate Rs.105.39
Offer Rate Rs.105.40
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The demand and supply situation of the US remained intact throughout the trading session that kept the local currency stabilize. As a result, no change in its value took place on buying and selling side as it sustained its opening rates of Rs 106.60 and Rs 1206.85 respectively, local currency dealers said.
The local currency, however, remained strong for the second consecutive day versus the pound sterling. The pound's buying and selling rates further slid from Wednesday's closing rates of Rs 137.80 and Rs 138.80 to Rs 137.70 and Rs 138.60 respectively, they added.
The dollar opened at Rs 107.10 (buying) and Rs 107.20 (selling) against same last rate. It closed at Rs 107.10 (buying) and Rs 107.20 (selling) in evening session.

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