The rupee failed to sustain weekend levels against the dollar on the money market on Monday in process of trading, currency experts said. The rupee shed one paisa versus the dollar for buying and selling at Rs 110.58 and Rs 110.59 respectively, they said.
The dollar index, which measures the greenback against a basket of six major rivals, eased 0.1 percent to 89.775. It gained nearly 0.9 percent last week and pulled away from a three-year low near 88.25 set on Feb 16.
Against the yen, the dollar eased 0.3 percent to 106.61 yen. There was talk of dollar-selling by Japanese exporters ahead of the month-end.
The dollar was trading against the Indian rupee at Rs 64.635, the greenback was at 3.907 versus the Malaysian ringgit and the US currency was available at 6.312 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday: 82.94-82.96 (Previous 82.94-82.94).
The rupee lost 75 paisas in relation to the euro for buying and selling at Rs 137.50 and Rs 139.00 respectively, they added.
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Open Bid Rs.112.00
Open Offer Rs.112.25
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Bid Rate Rs.110.58
Offer Rate Rs.110.59
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The greenback resumed trading on its last closing of Rs 112.00 and Rs 112.30 as its buying and selling rates, respectively. At the close, it firmly held its opening trend for buying at Rs 112.00. However, it appreciated by 20 paisas for selling at Rs 112.50, local currency dealers said.
Furthermore, the local currency remained under pressure in process of trading versus the British pound. Resultantly, the pound's buying and selling rates further slipped from Saturday's closing of Rs 155.30 and Rs 156.10 to Rs 155.90 and Rs 156.80 respectively, they added.
The dollar opened at Rs 111.95 (buying) and Rs 112 (selling) against last rate of Rs 111.85 (buying) and Rs 111.95 (selling). It closed at Rs 111.95 (buying) and Rs 112 (selling) by the end of evening session.