A falling trend was seen on the money market on Monday as the rupee drifted lower versus the dollar in the process of trading, dealers said. The rupee shed one paisa in terms of the dollar for buying and selling at Rs 105.42 and Rs 105.44 respectively, they said. In the first Asian trade, the euro slipped after a violence-marred independence vote in Spain's Catalonia region fuelled anxiety over political risk in the euro zone, and as a renewal of the "Trumpflation trade" lifted the dollar across the board.
Investors were watching the political situation in Spain nervously, after police used batons and rubber bullets to try to prevent Sunday's banned vote in a show of force that left hundreds injured. Inter bank buy/sell rates for the taka against the dollar on Monday: 80.80-80.80 (previous 80.80-80.80).
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Open Bid Rs.106.20
Open Offer Rs.106.40
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Bid Rate Rs.105.42
Offer Rate Rs.105.44
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According to the currency dealers, the dollar resumed trading on a healthy note and kept on rising following fresh demand during the day. At close of trading, the dollar ended higher at Rs 106.40 and Rs 106.80 on buying and selling side against the previous closing of Rs 106.20 and Rs 106.60, respectively.
However, the remained unchanged on buying side while it lost worth on selling side against the British pound that was traded at Rs 141.50 and Rs 142.50 on buying and selling counter as compared with the last week closing of Rs 141.50 and Rs 142.30, the dealers said.