Little changes were witnessed on the local money market on Thursday following the Moody's negative rating, dealers said. The rupee shed two paisas in terms of the dollar for buying and selling at Rs 121.48 and Rs 121.52 respectively, they said.
The dollar index against a group of six major currencies stood at 95.243 after rising to 95.299 overnight, its highest since mid-July 2017.
Buoying the greenback, long-term Treasury yields bounced back from three-week lows, as risk aversion felt earlier in the week amid United States-China trade tensions eased for now.
Treasury yields also were propped up by remarks from Federal Reserve Chairman Jerome Powell, who said on Wednesday that the US central bank should continue with a gradual pace of rate increases.
The dollar was available against the Indian rupee at Rs 68.210, the greenback was at 4.010 in terms of the Malaysian ringgit and the US currency was at 6.492 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 83.70-83.70 (Previous 83.70-83.70).
The rupee maintained appreciation against the euro, picking up more Rs 1.25 for buying and selling at Rs 140.50 and Rs 142.50 respectively, they said.

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Open Bid       Rs.124.00
Open Offer     Rs.124.50
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Bid Rate       Rs.121.48
Offer Rate     Rs.121.52
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