Firmness prevailed on the money market on Wednesday as the rupee maintained overnight levels versus the dollar in process of trading, dealers said. The rupee did not show any visible change versus the dollar for buying and selling at Rs 105.47 and Rs 105.48, they said.
In the third Asian trade, the dollar treaded water against its peers on Wednesday, capped as US Treasury yields failed to rise despite increasing investor risk appetite in broader financial markets.
The dollar index against a basket of six major currencies was little changed at 93.941. The index fell back from a one-week high of 94.165 overnight after a rally triggered earlier this week by a sagging euro stalled as long-term US Treasury yields continued inching lower.
The greenback was a shade lower at 112.280 yen, after slipping overnight from a high of 112.705.
"The dollar should be getting more of a lift against the yen in this 'risk on' environment. But what is taking precedence is the adjustment of positions before the Thanksgiving and year-end holidays by participants, resulting in the covering of yen shorts," said Yukio Ishizuki, senior currency strategist at Daiwa Securities.
Wall Street shares rose yet again to record highs on Tuesday, while Japan's Nikkei climbed back towards 26-year peaks.
The dollar was trading against the Indian rupee at Rs 64.75, the greenback was at 4.121 versus the Malaysian ringgit and the US currency was available at 6.621 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 81.50-81.60 (previous 81.40-81.40).

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Open Bid       Rs.107.20
Open Offer     Rs.107.40
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Bid Rate       Rs.105.47
Offer Rate     Rs.105.48
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