The rupee improved with marginal gains against the dollar on Tuesday in the proccess of trading, dealers said The rupee showed slight gains in terms of the dollar for buying and selling at Rs 104.34 and Rs 104.36 respectively, they said.
In the second Asian trade, the Australian dollar slipped after the minutes from Australia's central bank provided few incentives to build on the commodity-linked currency's gains, while the yen looked to the Bank of Japan's policy meeting for catalysts.
Earlier the Anti-podean currency rallied to a two-week high against the dollar and the yen after the country's ruling party ousted unpopular prime minister Tony Abbott in a leadership challenge. The dollar was trading against the Indian rupee at Rs 66.42, the greenback was at 4.3100 in terms of the Malaysian ringgit and the US currency was at 6.3681 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.30-6.50 percent (Previous 05.25-06.50 percent).
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Open Bid Rs.104.30
Open Offer Rs.104.50
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Bid Rate Rs.104.34
Offer Rate Rs.104.36
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Currency dealers said the dollar resumed trading at Rs 104.50 and Rs 104.85 on the buying and selling counters, respectively, as against Rs 104.40 and Rs 104.70 on Monday.
In the wake of adequate dollar supply at the local kerb, it closed lower at Rs 104.35 and Rs 104.60 on the buying and selling sides, respectively. The pound sterling was purchased and sold at Rs 159.20 and Rs 160 as against Rs 159.60 and Rs 160.30 on Monday, the dealers said.
The dollar opened at Rs 104 (buying) and Rs 104.25 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 104 (buying) and Rs 104.25 (selling).
Pound Sterling opened at Rs 161 (buying) and Rs 161.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 161 (buying) and Rs 161.50 (selling).