The rupee fell sharply against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee rose by three paisas in relation to the dollar for buying and selling at Rs 104.80 and Rs 104.81, they said.
0Still, while Renzi's resignation could open the door to an early election next year and the possibility of the anti-euro 5-Star Movement gaining power, many investors and analysts think it more likely that a caretaker government will be put in place until an election in 2018.
The dollar was trading against the Indian rupee at Rs 68.09, the greenback was at 4.4420 versus the Malaysian ringgit and the US currency was at available at 6.8654 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday. 78.79-78.80 (previous 78.78-78.80).
In line with the global trend, the euro also lost it's firmness in the local market, dealers said. So, the rupee managed to pick up Rs 1.50 against the euro for buying and selling at Rs 114.75 and Rs 116.25, they said.
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Open Bid Rs.107.00
Open Offer Rs.107.20
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Bid Rate Rs.104.80
Offer Rate Rs.104.81
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The trading activity of the US dollar resumed on a positive note amidst lack of buyers' interest throughout the trading session. At the close, the dollar ended higher at Rs 107.00 and Rs 107.50 on buying and selling sides, respectively, as compared to Monday's closing rates of Rs 106.40 and Rs 106.85, said local currency dealers.
Versus the pound sterling, the local currency also followed the same suit and remained under pressure for another day. The pound's buying and selling rates further improved from the day earlier closing rates of Rs 134.40 and Rs 135.20 to Rs 135.30 and Rs 136.30, respectively, they added.
The dollar resumed trading at Rs 107 (buying) and Rs 107.50 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 107 (buying) and Rs 107.50 (selling). Pound Sterling opened at Rs 135 (buying) and Rs 135.10 (selling) against same last week's rate. It did not observe further change in the second session and closed at Rs 135 (buying) and Rs 135.10 (selling).