The rupee remained unchanged against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee sustained overnight levels in relation to the dollar for buying and selling at Rs 104.85 and Rs 104.86, they said.
The greenback was little changed at 113.300 yen. The US currency fell to a low of 112.905 yen overnight following the release of the Fed's meeting minutes. It pulled back to a high of 113.460 early on Thursday after US Treasury Secretary Steven Mnuchin reportedly reiterated that a strong dollar was a "good thing" in the long run.
The dollar index against a basket of six major currencies inched up 0.1 percent to 101.340 after falling by roughly the same amount the previous day. It had moved between a one-week high of 101.720 and a low of 101.170 on Wednesday.
The dollar was trading against the Indian rupee at Rs 66.83, the greenback was at 4.4480 in terms of the Malaysian ringgit and the US currency was at 6.8786 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 79.30-79.35 (previous 79.30-79.30).
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Open Bid Rs.107.10
Open Offer Rs.107.30
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Bid Rate Rs.104.85
Offer Rate Rs.104.86
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According to currency dealers, the US dollar commenced trading on its overnight closing of Rs 107.30 and Rs 107.60 as its buying and selling rates, respectively.
At the close, no change in the value of dollar took place as it sustained its overnight trend of Rs 107.30 on buying counter.
However, in the absence of selling spree, it slid to Rs 107.50 on selling counter, respectively, they added.
Furthermore, the local currency showed strength as it recovered its day earlier losses versus the pound sterling.
The pound's buying and selling rates went down from the Wednesday's closing rates of Rs 133.00 and Rs 134.00 to Rs 132.90 and Rs 133.60, respectively, they said.
The dollar opened at Rs 108.10 (buying) and Rs 108.20 (selling) and it closed at the same rate. Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at the same rate.