The rupee depicted slight fluctuations against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee fluctuated slightly in relation to the dollar for buying and selling at Rs 110.53 and Rs 110.54 respectively, they said.
The dollar index, measuring it against a basket of six major currencies, extended the previous day's bounce to stand 0.02 percent higher at 92.183 It had declined to 91.751 on Tuesday, its lowest since Sept. 20.
The dollar bounced after Wednesday's strong US manufacturing and construction data. It gained further support as the minutes from the Fed's Dec. 12-13 meeting were more hawkish than anticipated, indicating the central bank is still poised to raise interest rates several times this year.
Fed policymakers acknowledged the US labour market's solid gains and the expansion in economic activity, even as they affirmed worries about persistently low inflation.
That suggested the central bank will continue to pursue a gradual approach in raising rates but could hasten the pace if inflation accelerates.
The dollar was trading against the Indian rupee at Rs 63.510, the greenback was at 4.017 in terms of the Malaysian ringgit and the US currency was available at 6.507 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 82.72-82.75 (Previous 82.70-82.70).
The rupee also shed 20 paisas versus the euro for buying and selling at Rs 132.40 and Rs 134.40 respectively, they added.

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Open Bid       Rs.111.10
Open Offer     Rs.111.40
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Bid Rate       Rs.110.53
Offer Rate     Rs.110.54
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