The rupee continued slide against the dollar for the second day in a row on the money market on Thursday in the process of trading, experts said. The rupee did not move any side versus the dollar for buying and selling at Rs 110.57 and Rs 110.58 respectively, they said.
Elsewhere on the currency markets, the euro trod water ahead of a European Central Bank meeting, later in the day, that is expected to leave policy rates unchanged for now, but may provide clues to the future.
The dollar had weakened sharply following the resignation on Tuesday of Gary Cohn, the top economic advisor to the White House who was seen as a bulwark against protectionism in President Donald Trump's administration.
The dollar was trading against the Indian rupee at Rs 64.905, the greenback was available at 3.906 versus the Malaysian ringgit and the US currency was at 6.3206 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 82.96-82.96 (Previous 82.96-82.96).
The rupee, however, gained 25 paisas against the euro for buying and selling at Rs 137.25 and Rs 138.75 respectively, they added.
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Open Bid Rs.111.80
Open Offer Rs.112.10
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Bid Rate Rs.110.57
Offer Rate Rs.110.58
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According to currency dealers, the greenback continued moving both ways throughout the trading session amidst fluctuating demand and supply condition. At the close, it was ended at Rs 111.50 and Rs 112.00 for buying and selling, respectively, as compared to the overnight closing of Rs 111.55 and Rs 111.85 respectively, they added.
In addition, the national currency remained under pressure for another day in terms of trading against the pound sterling.
Resultantly, the pound's buying and selling rates further rose from Wednesday's closing of Rs 153.35 and Rs 154.00 to Rs 153.50 and Rs 154.50 respectively, they said.
The dollar opened at Rs 111.90 (buying) and Rs 112 (selling) against same last rate. It closed at Rs 111.90 (buying) and Rs 112 (selling).