THE RUPEE: Minor changes

20 Dec, 2017

Marginal changes were seen in the value of the rupee in relation to the dollar on the money market on Tuesday, dealers said.
The rupee fell by 60 paisas against the euro for buying and selling at Rs 129.00 and Rs 131.00 respectively, they added.
In the second Asian trade, he dollar index, which tracks the US currency against a basket of six major rivals, was steady on the day at 93.673 .Rising hopes of the bill's passage helped push US stocks to record highs on Monday.
The dollar edged up 0.1 percent to 112.63 yen, drifting in a range between its high of 113.750 hit a week ago and Friday's low of 112.035.
The dollar was available against the Indian rupee at Rs 64.15, the greenback was at 4.074 and the US currency was at 6.615 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 82.70-82.70 (Previous 82.65-82.65).



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Open Bid Rs 110.00
Open Offer Rs 110.50
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Bid Rate Rs 110.52
Offer Rate Rs 110.53
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According to currency dealers, the demand and supply situation of the US dollar continued fluctuating both ways amidst divergent trend in the currency market.
At the close, it was ended at Rs 110.20 and Rs 110.60 for buying and selling, respectively, as compared to the overnight closing of Rs 109.80 and Rs 110.70 respectively, they added.
The national currency, however, remained under pressure for the second consecutive day against the pound sterling.
The pound's buying and selling rates further rose from Monday's closing of Rs 145.00 and Rs 145.80 to Rs 145.50 and Rs 146.60 respectively, they said.
The dollar opened at Rs 110.30 (buying) and Rs 110.50 (selling) against same last rate. It closed at Rs 110.30 (buying) and Rs 110.50 (selling).

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