The rupee maintained firm trend against the dollar on the currency market on Wednesday in the process of trading activity, dealers said. The rupee stayed put versus the dollar for buying and selling at Rs 112.10 and Rs 112.45 respectively, while the rupee lost Rs 1.10 in terms of the euro for buying and selling at Rs 137.80 and Rs 139.80 respectively, they added.
In the third Asian trade, the dollar touched a four-month low against the yen on Wednesday, pressured by simmering concerns that the US currency's yield advantage will start to erode as major central banks head toward unwinding their massive stimulus.
The yen has gained a lift in recent weeks, after the Bank of Japan trimmed its buying of long-dated government bonds in market operations earlier this month, sparking speculation of an eventual exit from its large stimulus.
The dollar was available at Rs 63.643, the greenback was at 3.915 in terms of the Malaysian ringgit and the US currency was trading at 6.391
Inter bank buy/sell rates for the taka against the dollar on Wednesday: 82.90-82.90 (Previous 82.90-82.90).
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Open Bid Rs 112.10
Open Offer Rs 112.45
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Bid Rate Rs 110.54
Offer Rate Rs 110.55
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According to currency dealers, the US dollar resumed trading on its overnight closing of Rs 111.80 and Rs 112.30 as its buying and selling rates, respectively. At the close, it appreciated by 20 paisas for buying at Rs 112.00. However, it firmly held its opening trend for selling at Rs 112.30, they added.
In addition, the local currency remained under pressure for the third consecutive day against the pound sterling. Resultantly, the pound's buying and selling rates further rose from Tuesday's closing of Rs 155.25 and Rs 156.40 to Rs 156.90 and Rs 157.70 respectively, they said.
The dollar opened at Rs 112.25 (buying) and Rs 112.35 (selling) against last rate. It closed at Rs 112.25 (buying) and Rs 112.35 (selling).