The rupee dropped some gains against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee was almost unchanged in relation to the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said.
The dollar was trading against the Indian rupee at Rs 68.10, the greenback was at 4.4600 in terms of the Malaysian ringgit and the US currency was at 6.9117 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 78.83-78.86 (previous 78.80-78.81).
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Open Bid Rs.108.40
Open Offer Rs.108.60
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Bid Rate Rs.104.84
Offer Rate Rs.104.85
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The trading activity of the greenback resumed on its overnight closing of Rs 108.45 and Rs 108.70 as its buying and selling rates, respectively. In the absence of buyers' interest, it further ended at Rs 108.50 on the buying counter. However, no change in the value of greenback took place as it sustained its overnight trend of Rs 108.70 on the selling counter, respectively, said the local currency dealers.
Moreover, the local currency remained under pressure for the second consecutive day versus the British pound. The pound's buying and selling rates further appreciated from the Wednesday's closing rates of Rs 131.20 and Rs 131.70 to Rs 131.80 and Rs 132.50, respectively, they added.
The dollar resumed trading at Rs 108.50 (buying) and Rs 108.60 (selling) against same last rate. The dollar closed at Rs 108.50 (buying) and Rs 108.60 (selling).
Pound Sterling opened at Rs 131.50 (buying) and Rs 133 (selling).
It did not observe further change in the second session and closed at Rs 131.50 (buying) and Rs 133 (selling).