The rupee dropped sharply against the dollar on the iterbank market, while the national currency did not move any side on the open market on Monday in the process of trading, dealers said. The rupee dipped in terms of the dollar, losing 15-paisa for buying and selling at Rs 104.88 and Rs 104.90 respectively, experts said.
In the first Asian trade, the dollar fell to a 10-week low against the yen as sliding equities and rising tension in the Middle East added bids to the safe-haven Japanese currency.
The dollar was down 0.4 percent at 119.77 yen after hitting 119.685, its lowest since October 22. Stocks slid across Asia, hit by a rise in geopolitical tension after Saudi Arabia cut ties with Iran and soft Chinese economic data. The dollar was trading against the Indian rupee at Rs 66.42, the greenback was at 4.3260 in terms of the Malaysian ringgit and the US currency was at 6.5096 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Monday" 78.50-78.50 (previous 78.50-78.50).

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Open Bid       Rs.105.90
Open Offer     Rs.106.10
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Bid Rate       Rs.104.88
Offer Rate     Rs.104.90
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