The rupee halted further decline against the dollar on the money market on Thursday, dealers said. The rupee was almost unchanged versus the dollar for buying and selling at Rs 105.41 and Rs 105.42, respectively, they said.
After concluding a closely watched two-day policy meeting on Wednesday, the Fed left interest rates unchanged as expected but signalled it still expects one more increase by the end of the year, despite a recent bout of low inflation.
The euro shed 0.1 percent to $1.1886 after dropping 0.8 percent the previous day, when it reversed a four-session winning run.
The dollar was 0.2 percent higher at 112.430 yen after brushing 112.645, its highest since July 18. Still, the greenback's gains against the yen were assessed as relatively limited. The dollar was trading against the Indian rupee at Rs 64.460, the greenback was at 4.200 versus the Malaysian ringgit and the US currency was at 6.591 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday. 80.78-80.79 (previous 80.77-80.77).
In the fourth Asian trade, the dollar rose to a two-month high against the yen and extended its gains against the euro on Thursday after a hawkish-sounding Federal Reserve heightened expectations for an interest rate hike in December.
After concluding a closely watched two-day policy meeting on Wednesday, the Fed left interest rates unchanged as expected but signalled it still expects one more increase by the end of the year, despite a recent bout of low inflation.
The euro shed 0.1 percent to $1.1886 after dropping 0.8 percent the previous day, when it reversed a four-session winning run.
The dollar was 0.2 percent higher at 112.430 yen after brushing 112.645, its highest since July 18. Still, the greenback's gains against the yen were assessed as relatively limited.
The dollar was trading against the Indian rupee at Rs 64.460, the greenback was at 4.200 versus the Malaysian ringgit and the US currency was at 6.591 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday. 80.78-80.79 (previous 80.77-80.77).
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Open Bid Rs.105.90
Open Offer Rs.106.10
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Bid Rate Rs.105.40
Offer Rate Rs.105.41
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The dollar commenced trading on its overnight closing trend of Rs 106.10 and Rs 106.20 as its buying and selling rates, respectively.
At the close, no change in its value took place on buying counter as it maintained its opening trend of Rs 106.10.
However, it lost by 20-paisa on selling counter and ended at Rs 106.40, local currency dealers said. Furthermore, the local showed stability as it recovered its day earlier losses versus the pound sterling. The pound's buying and selling rates slid from Wednesday's closing of Rs 142.10 and Rs 143.00 to Rs 141.90 and Rs 142.60 respectively, they added.