THE RUPEE: steadier trend

29 Nov, 2017

Firmness prevailed on the money market on Tuesday as the rupee held its present levels against the dollar in the process of trading, dealers said. The rupee inched up by one paisa in relation to the dollar for buying and selling at Rs 105.49 and Rs 105.50 respectively.
In remarks prepared for the hearing released by the Fed on Monday, Powell defended the US central bank's use of broad crisis-fighting powers.
The dollar was available against the Indian rupee at 64.38, the greenback was at 4.116 in terms of the Malaysian ringgit and the US currency was trading versus the Chinese yuan at 6.605.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 82.00-82.20 (previous 81.90-81.90).
The rupee, however, gained 45 paisas versus the euro for buying and selling at Rs 127.30 and Rs 128.55 respectively, they said.



========================
Open Bid Rs.107.40
Open Offer Rs.107.60
========================


========================
Bid Rate Rs.105.49
Offer Rate Rs.105.50
========================

According to currency dealers, the US dollar resumed trading on its last closing trend of Rs 107.30 and Rs 107.70 as its buying and selling rates, respectively.
At the close, no change in its value took place for buying and selling as it maintained its opening trend throughout the trading session, they added.
Furthermore, the national currency recovered its earlier losses in relation to the pound sterling. The pound's buying and selling rates slid from Saturday's closing of Rs 142.10 and Rs 143.00 to Rs 141.80 and Rs 142.70 respectively, they said.
The dollar opened at Rs 107.50 (buying) and Rs 107.60 (selling) against last rate of Rs 107.40 (buying) and Rs 107.50 (selling). It closed at Rs 107.50 (buying) and Rs 107.60 (selling).

Read Comments