Firmness prevailed on the money market on Thursday as the rupee sustained overnight levels in the process of trading, dealers said. The rupee also was unmoved in relation to the dollar for buying and selling at Rs 110.53 and Rs 110.55 respectively, they said.
The dollar rose 0.2 percent to 111.70 yen, pulling away from a six-week low of 111.27 yen on Wednesday. China's foreign exchange regulator said a recent report that China was considering slowing down or halting its purchases of US Treasury bonds could be based on erroneous information.
Bloomberg News had reported on Wednesday that Chinese officials reviewing the country's foreign exchange holdings had recommended slowing or halting purchases of US Treasury bonds.
US 10-year Treasury yields rose to 10-month highs and the dollar fell after the report was published. After the regulator's comments on Thursday though, the dollar and US Treasuries gained some buying support.
Against a basket of six major currencies, the dollar inched up 0.1 percent to 92.396, having fallen as low as 91.922 on Wednesday.
The dollar was trading against the Indian rupee at Rs 63.743, the greenback was at 3.987 in terms of the Malaysian ringgit and the US currency was available at 6.516 in relation to the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Thursday: 82.80-82.80 (Previous 82.80-82.80).
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Open Bid Rs.111.70
Open Offer Rs.112.10
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Bid Rate Rs.110.53
Offer Rate Rs.110.55
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According to currency dealers, the greenback resumed trading on its overnight closing of Rs 111.85 and Rs 112.40 as its buying and selling rates, respectively.
At the close, it appreciated by 15 paisas for buying at Rs 112.00. However, it firmly maintained its opening trend for selling at Rs 112.40, they added.
Furthermore, the national currency recovered by 20 paisas against the pound sterling for buying at Rs 151.00. It, however, remained unchanged for another day for selling at Rs 151.00, they said.
The dollar opened at Rs 112.25 (buying) and Rs 112.35 (selling) against last rate of Rs 112 (buying) and Rs 112.10 (selling). It closed at the same rates.