An easier trend prevailed on the money market on Monday as the rupee shed its value against the dollar in the process of trading activity, dealers said.
OPEN MARKET RATES: The rupee lost 20 paisas in terms of the dollar for buying and selling at Rs 117.20 and Rs 117.70 respectively, they said. The national currency also lost 10 paisas versus the euro for buying and selling at Rs 137.80 and Rs 139.30 respectively, they said.
INTER-BANK MARKET RATES: The rupee dropped by three paisas in relation to the dollar for buying and selling Rs 115.61 and Rs 115.62 respectively, they said.
In the first Asian trade, the dollar advanced against the yen on Monday, after US Treasury Secretary Steven Mnuchin said the US trade war with China is "on hold", boosting risk sentiment amid hopes for an easing of trade tensions between the world's two biggest economies.
The dollar rose 0.5 percent to 111.245 yen, hitting a fresh four-month high in Asian trade.
The easing of US-China trade tensions is likely to underpin riskier assets such as equities and bodes well for the dollar against the safe-haven yen, said Stephen Innes, head of trading in Asia-Pacific for Oanda in Singapore.
Japan is the world's largest creditor nation and traders tend to assume Japanese investors would repatriate funds at times of crisis, thus pushing up the yen. The Japanese currency often weakens when investor confidence increases and their appetite for riskier assets strengthens.
The dollar was trading against the Indian rupee at Rs 68.080, the greenback was available at 3.974 in terms of the Malaysian ringgit and the US currency was at 6.381 in relation to the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday: 83.70-83.70 (Previous 83.65-83.65).

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Open Bid       Rs 117.20
Open Offer     Rs.117.70
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Bid Rate       Rs 115.61
Offer Rate     Rs 115.62
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