The rupee depreciated slightly against the dollar on the money market on Monday in the process of trade, dealers said. The rupee managed to hold week-end levels in relation to the dollar for buying and selling at Rs 104.73 and Rs 104.75 respectively, they said.
The rupee lost 15 paisas in relation to the euro for buying and selling at Rs 117.40 and Rs 118.40 respectively, they added. In the first Asian trade, the dollar nudged up against the yen, after rebounding last week following a series of comments from US Federal Reserve officials who supported the case for more interest rate hikes than markets had anticipated.
Such views helped the greenback recover from a knock earlier this month when the Fed halved its rate hike expectations to two from four this year. US indicators coming up this week such as non-farm payrolls and manufacturing PMI on Friday will give investors a chance to gauge whether the economy is robust enough to bear a series of rate hikes.
The dollar was trading against the Indian rupee at Rs 66.75, the greenback was at 4.0210 in terms of the Malaysian ringgit and the US currency was at 6.5147 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 78.40-78.40 (previous 78.40-78.40).

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Open Bid       Rs.105.45
Open Offer     Rs.105.65
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Bid Rate       Rs.104.73
Offer Rate     Rs.104.75
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