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The rupee managed to recover slightly against the dollar on the money market, during the week ended on September 16, 2017. In the open market, the rupee picked up 10 paisas in terms of the dollar for buying and selling at Rs 105.60 and Rs 105.80, the national currency, also gained against the euro, picking up 50 paisas for buying at Rs 125.00 and it also rose by 25 paisas for selling at Rs 126.25, they said.

In the inter-bank market, the rupee sustained it's month long stable trend, showing no change for buying and selling at Rs 105.39 and Rs 105.41. During the week, the rupee tumbled versus the dollar but it managed to sustain it's level mainly because of comfortable supply of dollars. Commenting on the future direction of market, some experts said that the rupee may keep stable trend versus the dollar in times to come.

OPEN MARKET RATES: On Monday, the rupee sustained last levels in relation to the dollar for buying and selli9ng at Rs 105.70 and Rs 105.90. While, the rupee gained 50 paisas in terms of the euro for buying and selling at Rs 125.50 Rs 126.50.

On Tuesday, the rupee picked up 10 paisas versus the dollar for buying and selling at Rs 105.60 and Rs 105.80. The rupee was trading against the euro for buying and selling at Rs 125.00 and Rs 126.50. On Wednesday, the rupee sustained last levels in relation to the dollar for buying and selli9ng at Rs 105.60 and Rs 105.80. While, the rupee shed 40 paisas in terms of the euro for buying and selling at Rs 125.40 Rs 126.70,. On Thursday, the rupee shed 10 paisas in relation to the dollar for buying and selli9ng at Rs 105.70 and Rs 105.90. The rupee, however, picked up 80 paisas in terms of the euro for buying and selling at Rs 124.50 Rs 126.00.

On Friday, the rupee firmly held the overnight levels in relation to the dollar for buying and selli9ng at Rs 105.70 and Rs 105.90. The rupee, however, lost 80 paisas in terms of the euro for buying and selling at Rs 125.30 Rs 126.70. On Saturday, the rupee picked up 10 paisas in relation to the dollar for buying and selling at Rs 105.60 and Rs 105.80. The rupee also gained 30 paisas in terms of the euro for buying and selling at Rs 125.00 Rs 126.25.

INTERBANK MARKET RATE: The whole week, the rupee did not show any visible change against the dollar for buying and selling at Rs 105.40 and Rs 105.41.

OVERSEAS OUTLOOK FOR DOLLAR: In the first Asian trade, the dollar edged higher, pulling away from last week's lows against its major rivals after North Korea marked the anniversary of its founding without resorting to any further missile or nuclear tests.

Instead North Korea observed the 69th anniversary of its founding on Saturday with a celebration honouring the scientists behind the massive nuclear test it conducted last week. The dollar index, which tracks the US unit against a basket of six major currencies, was 0.2 percent higher at 91.522, after skidding to a 2-1/2 year low of 91.011 on Friday.

The dollar was available versus the Indian rupee at Rs 63.85, the greenback was at 4.199 in terms of the Malaysian ringgit and the US currency was at 6.505 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 80.70-80.70 (previous 80.70-80.70).

In the second Asian trade, the dollar held on to most of its gains on Tuesday, following a sharp rebound on improving investor risk sentiment as worries over North Korea and Hurricane Irma receded. The dollar index, which tracks the greenback against a basket of six major rivals, was steady at 91.874, after it skidded to a 2-1/2-year low of 91.011 on Friday.

The dollar was available versus the Indian rupee at Rs 64.000, the greenback was at 4.204 in terms of the Malaysian ringgit and the US currency was at 6.546 versus the Chinese yuan. In the third Asian trade, the dollar was buoyant against the yen, although it was capped against the euro with a potentially supportive spike in US yields neutralised by a similar move by their German counterparts.

The dollar was a shade lower at 110.085 yen after rising earlier in the session to 110.295, its highest since September 1. The greenback was available against the Indian rupee at Rs 64.01, the US currency was at 4.198 in terms of the Malaysian ringgit and the dollar was at 6.529 versus the Chinese yuan. In the fourth Asian trade, the US dollar's rally paused as traders waited for consumer inflation data later in the day for clues on whether the Federal Reserve will maintain its gradual pace of credit tightening.

The US dollar was at 110.47 yen, steady from the late trade in the US on Wednesday. It earlier rose to 110.735 yen, the highest since August 16. The currency drew additional help from vague but renewed hopes on President Donald Trump's tax cuts plans as he reached out to both Democrats and Republicans, even though there remain doubts on whether he can clinch a deal with a divided Congress.

The dollar was trading against the Indian rupee at Rs 64.10, the greenback was at 4.199 in terms of the Malaysian ringgit and the US currency was at 6.544 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday 80.73-80.73 (previous 80.70-80.70). In the final Asian trade, the yen held steady against the dollar, having risen earlier as North Korea fired a missile over Japan into the Pacific Ocean, rekindling investor concerns over geopolitical risks.

The dollar war available against the Indian rupee at Rs 64.09, the greenback was at 4.190 in terms of the Malaysian ringgit and the US currency was at 6.550 versus the Chinese yuan. At the weekend, the dollar weakened against most major currencies, weighed down by an unexpected decline in US retail sales last month that once again dimmed expectations for an interest rate increase in December.



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