The rupee depreciated marginally against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee somehow managed to hold overnight levels against the dollar for buying and selling at Rs 104.85 and Rs 104.88 respectively, they said. In the fourth Asian trade, the dollar sagged against the yen, weighed down by US yields slipping to two-week lows and an ebb in risk appetite that favoured the safe-haven Japanese currency.
The euro was given breathing space as the dollar weakened against its Japanese peer. The common currency was up 0.2 percent at $1.0437 after falling to as low as $1.0372 the previous day. The dollar was trading against the Indian rupee at Rs 68.14, the greenback was at 4.4830 versus the Malaysian ringgt and the US currency was at 6.9550 in relation to the Chinese yuan Inter bank buy/sell rates for the taka against the dollar on Thursday: 78.70-78.70 (previous 78.70-78.78).
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Open Bid Rs.108.20
Open Offer Rs.108.40
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Bid Rate Rs.104.85
Offer Rate Rs.104.88
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According to currency dealers, the US dollar resumed trading on its overnight closing of Rs 108.15 and Rs 108.40 as its buying and selling rates, respectively. Following the buyers' interest in the market, it could not sustain and declined to Rs 108.00 on buying counter. However, it further climbed up at Rs 108.50 on selling counter, they added.
Furthermore, the local currency failed to maintain rising trend as it lost by 5-paisa versus the pound sterling on buying side while remained unchanged on selling side. The pound was bought and sold at Rs 131.35 and Rs 132.50 against Rs 131.30 and Rs 132.50 on Wednesday, respectively, they said.
The dollar resumed trading at Rs 108 (buying) and Rs 108.50 (selling) against last rate of Rs 107 (buying) and Rs 107.50 (selling). It did not observe further change in evening session and closed at Rs 108 (buying) and Rs 108.50 (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).