Steadier trend was witnessed on the money market on Thursday in the process of trading, dealers said. The rupee gained three-paisa versus the dollar for buying and selling at Rs 101.79 and Rs 101.80 respectively, they said.
In the fourth Asian trade, the dollar firmed to a near one-week high ahead of US gross domestic product data that could reinforce expectations that the Federal Reserve is on track to raise interest rates as early as September.
The dollar was trading against the Indian rupee at Rs 63.95, the US currency was at 3.8130 in terms of the Malaysian ringgit and the greenback was available at 6.209 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.50 percent (Previous 05.25-06.50 percent.
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Open Bid Rs 102.80
Open Offer Rs 103.00
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Bid Rate Rs 101.79
Offer Rate Rs 101.80
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The dollar resumed trading on a depressed note and failed to sustain in the absence of buyers' interest and ended lower at Rs 102.85 and Rs 103.15 against Rs 103.00 and Rs 103.30 of Wednesday, respectively. The rupee stayed stagnant on buying side but appreciated against the pound sterling which was traded at Rs 158.50 and Rs 159.20 on buying and selling counter compared with the day earlier closing of Rs 158.50 and Rs 159.30, respectively.
The dollar opened at Rs 102 (buying) and Rs 102.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 102 (buying) and Rs 102.20 (selling).
Pound Sterling opened at Rs 157 (buying) and Rs 157.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 157 (buying) and Rs 157.50 (selling).