THE RUPEE: no visible change

The rupee sustained firmness against the dollar on the money market during the week, ended 18 Nov, 2017.
INTER-BANK MARKET RATES: The rupee stayed firm versus the dollar for buying and selling for buying and selling at Rs 105.45 and Rs 105.46.
OPEN MARKET RATES: The rupee remained unchanged versus the dollar for buying and selling at Rs 107.20 and Rs 107.40. The rupee lost Rs 1.45 in terms of the euro for buying and selling at Rs 126.20 and Rs 127.45.
According to the market sources, the dollar was almost unmoved due to balanced demand and supply position of dollars.
The rupee may not fluctuate sharply against the dollar in the coming days, other experts said.
OPEN MARKET RATES: on Monday, the rupee sustained it's weekend levels versus the dollar for buying and selling at Rs 107.20 and Rs 107.40. The rupee shed 15 paisas in terms of the euro for buying and selling at Rs 124.75 and Rs 126.00.
On Tuesday, the rupee did not move any side versus the dollar for buying and selling at Rs 107.20 and Rs 107.40, they said. The rupee dropped by 75 paisas in terms of the euro for buying and selling at Rs 125.50 and Rs 126.80, they said.
On Wednesday, the rupee was unchanged versus the dollar for buying and selling at Rs 107.20 and Rs 107.40, they said. The rupee dipped in terms of the euro, dropping Rs 1.50 for buying and selling at Rs 126.75 and Rs 128.00, they said.
On Thursday, the rupee was inert versus the dollar for buying and selling at Rs 107.20 and Rs 107.40. The rupee gained 75 paisas in terms of the euro for buying and selling at Rs 126.00 and Rs 127.25.
On Friday, the rupee was unchanged in relation to the dollar for buying and selling at Rs 107.20 and Rs 107.40,. The rupee shed 30 paisas in terms of the euro for buying and selling at Rs 126.30 and Rs 127.55.
OPEN MARKET RATES: The rupee remained unchanged versus the dollar for buying and selling at Rs 107.20 and Rs 107.40, they said.
The rupee shed 10 paisas in terms of the euro for buying and selling at Rs 126.20 and Rs 127.45, they said.
INTER-BANK MARKET RATES: On October 13, the rupee maintained last levels in relation to the dollar for buying and selling at Rs 105.44 and Rs 105.45.
On October 14, the rupee was inert in relation to the dollar for buying at Rs 105.44 while it shed one paisa for selling and Rs 105.46, they said. On October 15, the rupee showed little change in relation to the dollar for buying and selling at Rs 105.45 and Rs 105.46. On October 16,
On November 16, the rupee followed the same trend in the inter-bank market as it held the overnight levels in relation to the dollar for buying and selling at Rs 105.45 and Rs 105.46, they said. On November 17, the rupee did not move any side versus the dollar for buying and selling at Rs 105.45 and Rs 105.46.
OVERSEAS OUTLOOK FOR DOLLAR: In the first Asian trading session, the pound slipped as troubles mounted for British Prime Minister May, with a report that 40 Conservative MPs are readying a leadership challenge, while Brexit talks face a crucial deadline.
The dollar received a lift against its major peers as US yields spiked and as the pound stumbled, although the main investor focus was still on a planned US tax overhaul. Sterling was last down 0.55 percent at $1.3120, pulling away from an eight-day peak of $1.3229 scaled on Friday on better-than-expected data on British industry.
The Sunday Times reported over the weekend that 40 members of parliament from British May's Conservative Party have agreed to sign a letter of no-confidence in her.
The dollar was trading against the Indian rupee at Rs 65.333, the greenback was at 4.185 versus the Malaysian ringgit and the US currency was available at 6.647 in terms of the Chinese yuan.
In the second Asian trading session, sterling was flat on the day at $1.3115, nursing losses after it skidded in the previous session against a backdrop of political turmoil as British lawmakers this week debate the U.K. government's plans for leaving the European Union.
The Brexit bill will be debated on Tuesday and Wednesday, with as many as 40 of Prime Minister Theresa May's Conservative lawmakers prepared to support a no-confidence motion against her, according to the Sunday Times newspaper.
The dollar index, which tracks the US currency against a basket of six major rivals, was steady on the day at 94.486.
Against its Japanese counterpart, the dollar inched slightly higher to 113.66 yen, but remained below its eight-month high of 114.735 hit last week.
"The dollar is getting support from US yields, but I am actually surprised that it did not go higher, so perhaps the correlation between yields and the dollar is breaking down," said Masashi Murata, currency strategist for Brown Brothers Harriman in Tokyo.
The dollar was trading against the Indian rupee at Rs 65.455, the greenback was available versus the Malaysian ringgit at 4.188 and the US currency was at 6.640 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday:
81.15-81.15 (previous 81.10-81.10).
In the third Asian trade, a reduction in risk appetites lifted the yen on Wednesday and pressured the Australian dollar, as investors awaited US consumer inflation data later in the global session.
The Aussie was the big mover of the Asian session, skidding 0.6 percent against its US counterpart to $0.7587, brushing its lowest levels since July.
Against the yen, it tumbled 0.8 percent to 85.81 yen after falling as far as 85.67, its lowest since mid-August.
Data showed Australian wages rose only 0.5 percent in the third quarter and 2.0 percent for the year, falling short of 0.7 percent and 2.2 percent respectively and challenging the Reserve Bank of Australia's view that wages would pick up.
Slumping equities also added to pressure. Asian stocks slipped on Wednesday after weaker crude oil prices took a toll on Wall Street.
The dollar was trading against the Indian rupee at Rs 65.368, the US currency was at 4.182 in terms of the Malaysian rnggit and the greenback was available at 6.635 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday: 81.15-81.15 (previous 81.15-81.15).
In the fourth Asian trade, the dollar was on the defensive on Thursday as doubts for the prospects of US tax reforms, a fall in US stocks, and declining high-yield bond prices all soured the mood, offsetting an uptick in underlying US inflation.
The dollar index stood at 93.891, after having fallen to as low as 93.402 on Wednesday, its weakest in almost four weeks, a severe correction from the uptrend that began in early September on hopes of a tax cut deal.
A US Senate Republican tax plan drew fire from two Republican lawmakers on Wednesday in a possible sign of trouble for the sweeping measure, given the party can afford to lose no more than two votes to pass the legislation.
"For the moment, the US tax cuts will be the main theme of the markets. I would expect negotiation to drag on beyond the year-end but by the first quarter of next year, there will be a deal," said Yukio Ishizuki, senior strategist at Daiwa Securities.
The dollar was trading against the Indian rupee at Rs 65.343, the US currency was available at 4.178 in terms of the Malaysian ringgit and the greenback was 6.638 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 81.15-81.15 (previous 81.15-81.15).
In the final Asian trade, the dollar slipped on Friday, weakened by a Wall Street Journal report that investigators into possible Russian interference in the 2016 US presidential election had subpoenaed President Donald Trump's election campaign for documents.
Special Counsel Robert Mueller's team issued the subpoena last month for documents containing specified Russian keywords from more than a dozen officials, according to the report.
The dollar index against a basket of six major currencies was down 0.35 percent at 93.593.
The index had edged up overnight to pull away from a four-week trough of 93.402 set on Wednesday. Wall Street shares rallied overnight after sagging through much of the week, causing a 4 basis points jump in the long-term Treasury yield to shore up the dollar.
The dollar was available versus the Indian rupee at Rs 64.818, the greenback was at 4.160 in terms of the Malaysian ringgit and the US currency was at 6.629 versus the Chinese yuan.
In the final NY trade, the US dollar edged higher against a basket of major currencies on Thursday, rebounding from a more than three-week low in the previous session, after the US House of Representatives passed their version of the tax overhaul bill.
The dollar index, which measures the greenback against six rival currencies, was up 0.13 percent to 93.933.
The US House of Representatives approved a broad package of tax cuts affecting businesses, individuals and families on Thursday, moving Republicans and President Donald Trump an important step closer to the biggest tax code overhaul in a generation.
The dollar index, which hit 93.813 on Wednesday, its lowest since October 20, was also boosted by a general improvement in risk appetite across financial markets.