The rupee drifted lower against the dollar on the money market on Monday in the process of trading, dealers said. The rupee shed 10 paisas in relation to the dollar for buying and selling at Rs 110.60 and Rs 110.90, they said.
In first Asian trade, most of the money markets were closed on account,f New Year. Inter bank buy/sell rates for the taka against the dollar on Monday.
82.70-82.70 (Previous 82.70-82.70).
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Bid Rate Rs 110.60
Offer Rate Rs 110.90
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According to currency dealers, the US dollar resumed trading on its last closing trend of Rs 110.30 and Rs 110.90 as its buying and selling rates, respectively.
Following sluggish trend, the dollar did not witness any change in its demand and supply situation as its opening trend travailed till close of trading, they added.
In addition, the national currency showed strength as it recovered its earlier losses versus the pound sterling.
The pound's buying and selling rates slid from Saturday's closing of Rs 146.50 and Rs 147.80 to Rs 146.40 and Rs 147.60 respectively, they said.
The dollar opened at Rs 110.65 (buying) and Rs 110.75 (selling) against same last week's rate. It closed at Rs 110.65 (buying) and Rs 110.75 (selling).