A downward trend continued on the money market on Tuesday as the rupee fell slightly against the dollar in the process of trading, currency experts said. The rupee depicted no variation in relation to the dollar for buying and selling at Rs 110.55 and Rs 110.56 respectively, they said.
The dollar's index against a basket of six major currencies stood at 90.142, having fallen 0.26 percent on Monday and edging away from Thursday's half-month high of 90.569.
The euro traded at $1.2298, bouncing off last week's low of $1.2206, though it was still more than two cents below its 3-year high of $1.2538 hit on Jan. 25.
Buying the euro was one of the popular trades earlier this year on the view that the European Central Bank will scale back its stimulus later this year on the back of a strong recovery in the euro zone economy.
The British pound edged up to $1.3846 from Friday's low of $1.3764. Despite uncertainties around Brexit, the pound has been propped up by rising expectations the Bank of England will raise interest rates to curb inflation.
The dollar was available at 3.931 in terms of the Malaysian ringgit and the greenback was at 6.325 in relation to the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 82.90-82.90 (Previous 82.90-82.90).
The rupee also dropped it's value sharply in terms of the euro, losing one rupee for buying at Rs 137.00, while it dipped by Rs 2 for selling at Rs 139.00, they added.

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Open Bid      Rs. 111.60
Open Offer    Rs. 111.90
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Bid Rate      Rs. 110.55
Offer Rats    Rs. 110.56
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