OPEN MARKET RATES: INTERBANK MAKET RATES: The rupee traded in a tight rang versus the dollar for buying and selling at Rs 105.39 and Rs 105.40. Market sources said that there was no shortage of dollars, which helped rupee to retain it's levels versus the dollar. Report showing that in the beginning sessions of the week, the rupee managed to gain modestly in terms of the dollar owing to improved supply of the greenback. They further said that national currency may gain more ground in relation to the dollar in days to come.
INTERBANK MARKET RATES: The rupee was unchanged versus the dollar for buying and selling at Rs 105.39 and Rs 105.40, they said.
OPEN MARKET RATES: On Monday, the rupee shed 10 paisas in relation to the dollar for buying and selling at Rs 106.70 and Rs 106.90. The rupee gained 30 paisas in terms of the euro for buying at Rs 125.30 and it also picked up Rs 1.70 for selling at Rs 126.30. On Tuesday, the rupee held the overnight levels in relation to the dollar for buying and selling at Rs 106.70 and Rs 106.90. The rupee shed 35 paisas in terms of the euro for buying and selling at Rs 126.60. On Wednesday, the rupee did not move any side against the dollar for buying and selling at Rs 106.70 and Rs 106.90. The rupee picked up 80 paisas in terms of the euro for buying and selling at Rs 124.80 and Rs 125.80.
On Thursday, the rupee was unchanged against the dollar for buying and selling at Rs 106.70 and Rs 106.90, they said. The rupee picked up 20 paisas in terms of the euro for buying and selling at Rs 124.60 and Rs 125.60. On Friday, the rupee slid 10 paisas versus the dollar for buying and selling at Rs 106.80 and Rs 107.00. The rupee lost 40 paisas in terms of the euro for buying and selling at Rs 125.00 and Rs 126.00. On Saturday, the rupee managed to recover 10 paisas versus the dollar for buying and selling at Rs 106.70 and Rs 106.90. The rupee, however, shed 50 paisas in terms of the euro for buying and selling at Rs 125.50 and Rs 126.50.
OVERSEAS MARKET OUTLOOK FOR DOLLAR: In the first Asian trade, the dollar held the bulk of its gains after an upbeat US jobs report lifted it off 15-month lows, with data lined up this week seen as key to whether the greenback's rebound could be sustained in the longer term. The dollar, which briefly sank below 110.00 yen to a seven-week low last week, was steady at 110.695 yen after going as high as 111.050 on Friday.
The dollar index against a basket of six major currencies was a shade lower at 93.330 after climbing 0.75 percent on Friday. The dollar was trading against the Indian rupee at Rs 63.678, the greenback was at 4.280 in terms of the Malaysian ringgit and the US currency was at 6.724 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 80.69-80.70 (previous 80.68-80.68).
In the second Asian trade, the dollar inched down slightly in Asian trading, but maintained most of the gains it made on last week's robust employment data that kept hope alive that the US Federal Reserve could still increase interest rates this year. The dollar index, which tracks the greenback against a basket of six major rivals, was down 0.1 percent at 93.325. The dollar was trading against the Indian rupee at Rs 63.720, the greenback was at 4.282 in terms of the Malaysian ringgit and the US currency was at 6.698 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 80.70-80.70 (previous 80.69-80.70). In the third Asian trade, the yen gained against the dollar and other peers on the latest bout of geopolitical tensions stemming from the Korean Peninsula. The dollar weakened against the yen, which is often sought in times of geopolitical tension. The US currency was down 0.4 percent at 19.865 yen, following a retreat to 109.835, its weakest since mid-June.
The dollar was trading against the Indian rupee at Rs 63.763, the US currency was at 4.286 in terms of the Malaysian ringgit and the greenback was at 6.693 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday: 80.70-80.70 (previous 80.70-80.70). In the fourth Asian trade, the Swiss franc eased versus the dollar, but still held on to the bulk of hefty gains made the previous day as heightened tensions between the United States and North Korea sent investors looking for havens.
Against the greenback, the Swiss franc eased about 0.1 percent to 0.9645 per dollar, having surged about 1.1 percent on Wednesday. The dollar edged up about 0.1 percent to 110.16 yen, up from Wednesday's low of 109.56 yen, which was the dollar's lowest level since June 15.
The dollar was trading against the Indian rupee at Rs 63.990, the greenback was at 4.292 versus the Malaysian ringgit and the US currency was at 6.671 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 80.70-80.70 (previous 80.70-80.70).
In the final Asian trade, the dollar skidded to an eight-week low against the yen as escalating tensions between the United States and North Korea triggered yet more investor flight to safety. The dollar last changed hands at 108.96 yen, down 0.2 percent. Trading was thinner than usual, with Japanese markets closed for a public holiday.
The dollar was available in terms of the Indian rupee at Rs 64.220, the US currency was at 4.294 versus the Malaysian ringgit and the greenback was trading against the Chinese yuan at 6.669.
At the week-end, the dollar fell against a basket of currencies, after data showed US consumer prices rose less than expected in July, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year. The dollar index, which tracks the greenback against six major currencies, was down 0.37 percent at 93.052, after earlier falling to a one-week low of 92.934. The dollar fell to a 16-week low against the Japanese yen, but pared some losses after Russian Foreign Minster Sergei Lavrov said there was a Russian-Chinese plan to defuse tensions between the United States and North Korea.
Copyright Business Recorder, 2017