The rupee moved cautiously against the dollar on the local currency market on Wednesday in process of trading, dealers said. The rupee firmly held the overnight levels versus the dollar for buying and selling at Rs 105.90 and Rs 105.92, dealers said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee drifted lower in terms of dollar, losing 25 paisa for buying and selling at Rs 107.00 and Rs 107.25, they added. The rupee inched down versus the euro after shedding five paisa for buying and selling at Rs 143.30 and Rs 143.55, they said.
In the third Asian trade, the robust US manufacturing data kept the dollar off eight-month lows against a basket of currencies, despite concerns over how long the partial US government shutdown might last while lawmakers search for a compromise deal on the budget.
Some traders expect more market volatility ahead, with no signs in sight of an end to Washington's political deadlock, though markets appeared hopeful the shutdown would be short-lived. Interbank buy/sell rates for the taka against the dollar on Wednesday. 77.75-77.75 (77.75-77.75) Call Money Rates: 06.50-08.25 percent (previous 06.50-08.25 percent). The dollar was trading against he Indian rupee at Rs 62.46, the greenback was at 3.2310 in terms of the Malaysian ringgit and the US currency was at 6.122 versus the Chinese yuan.
Open Bid Rs 105.90
Open Offer Rs 105.92
Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
Bid Rate Rs 107.00
Offer Rate Rs 107.25