No major changes were seen on the money market on Thursday as the rupee held the overnight levels against the dollar in process of trading, dealers said. The rupee inched up by one paisa in relation to the dollar for buying and selling at Rs 104.76 and Rs 104.77 respectively, they said.
The euro has been the main focus for traders this week after Italian Prime Minister Matteo Renzi said he will resign after suffering a stinging defeat in a referendum on constitutional reform. After initially dropping on the weekend news, the euro rallied strongly on Monday and has since held below three-week highs against the dollar as investors wait on the ECB.
The dollar was trading against the Indian rupee at Rs 67.46, the greenback was at 4.4270 in terms of the Malaysian ringgit and the US currency was at 6.8792 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 78.82-78.84 (previous 78.80-78.82).
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Open Bid Rs.107.00
Open Offer Rs.107.20
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Bid Rate Rs.104.76
Offer Rate Rs.104.77
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According to currency dealers, the trading of dollar resumed on its overnight closing of Rs 107.25 and Rs 107.50 as its buying and selling rates, respectively.
At the close of trading, the dollar could not sustain and declined its worth to Rs 107.20 on the buying counter. However, no change in the value of dollar took place on the selling counter as it sustained its overnight trend until closing of the market at Rs 107.50, they added.
On the other hand, the local currency failed to keep upward trend against the pound sterling. The pound's buying and selling rates improved from the Wednesday's closing rates of Rs 134.20 and Rs 135.10 to Rs 134.60 and Rs 135.50, respectively, they said.