The rupee in the absence of need for major payments held the command over dollar and euro on the currency market on Monday, dealers said. The rupee managed to retain the weekend rising trend in relation to dollar, as it picked up 10 paisa for buying at 90.65 and nine paisa for selling at 90.68, they said.
The rupee rose by 16 paisa in terms of euro for buying and selling at Rs 118.62 and Rs 119.12, they said. In the first Asian trade dollar hit its highest level in nearly a month versus euro on Monday after last week's upbeat jobs data suggested the US economy may not be in dire need of further monetary stimulus from the Federal Reserve.
The euro struggled after facing what traders described as a buy-the-rumour-sell-the-fact fall on Greece's bond swap deal with private creditors which will clear the way for a new bailout. Interbank buy/sell rates for taka against dollar. 81.75-81.78 (previous 81.75-81.77). Call Money Rates: 11.00-13.50 percent (previous 07.00-14.00 percent). The dollar was trading versus the Indian rupee at Rs 49.94, versus the Malaysian ringgit, the greenback was at 3.0295 and the US currency was at 6.3232 against the Chinese yuan, adds Reuters.
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Open Buying Rs 90.65
Open Selling Rs 90.68
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Buying Rs 90.80
Selling Rs 90.95
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Similarly, the rupee continued last week upward slide and was further appreciated against the pound sterling. The pound's buying and selling rates were slide down to Rs 141.50 and Rs 142.50 as compared to previous closing of Rs 142.20 and Rs 143.20, respectively, the dealers said.