The rupee failed to resist slide against the dollar on the money market on Tuesday in the process of strong demand from investors and Umrah pilgrims, dealers said. The rupee showed no change against the dollar for buying and selling at Rs 115.61 and Rs 115.62 respectively, they said.
The US 10-year Treasury yield hit its highest in more than four years at 2.998 percent on Monday, driven by worries about the growing supply of government debt and inflationary pressures from rising oil prices.
The US 10-year bond yield later backed off that level and stood at 2.964 percent in Tuesday's Asian trade. Yields have also risen at the short end of the curve, with the US 2-year yield having reached a high of 2.483 percent this week, the highest since September 2008.
The dollar was trading against the Indian rupee at Rs 66.475, the greenback was at 3.906 in relation the Malaysian ringgit and the US currency was at 6.317 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 82.98-82.98 (Previous 82.98-82.98).

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Open Bid       Rs.118.30
Open Offer     Rs.118.60
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Bid Rate       Rs.115.61
Offer Rate     Rs.115.62
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