Bears persisted on the money market on Wednesday as the rupee extended fall versus dollar due to strong demand for the greenback, dealers said. The rupee shed eight paisa against dollar for buying at 90.20 and lost 10 paisa for selling at 90.25, dealers said.
Reuters adds: In the third Asian trade a short-squeeze rally in the euro stalled ahead of debt auctions in Germany, with market players dubious about the euro zone's plans to fend off a sovereign debt crisis as some countries face huge debt refinancing needs.
The euro is meeting resistance after posting its biggest one-day rally in nearly two months on Tuesday as investors heavily trimmed bearish positions in the common currency after upbeat data bolstered risk appetite. China's yuan ended slightly weaker after hitting an intraday record high against dollar on Wednesday in the wake of a strong mid-point fixing, which underpinned expectations the Chinese currency will rise further in the near term.
Interbank buy/sell rates for taka against dollar on Wednesday: 82.08-82.10 (previous 82.01-82.05) Call Money Rates: 12.00-20.00 percent (previous 8.00-20.00 percent). The dollar was trading versus the Indian rupee at Rs 53.13 and it was available at 3.1375 versus the Malaysian ringgit.
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Open Buying Rs 90.15
Open Selling Rs 90.35
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Buying Rs 90.20
Selling Rs.90.25
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