On the open market, the rupee gained same amount in terms of the greenback for buying and selling at 97.70 and 97.90, the national currency, however, shed 10 paisa versus the euro for buying and selling at Rs 128.50 and Rs 129.50 respectively.
Commenting on the trend on the money market, some experts said that as a whole the rupee managed to hold its present levels against the dollar. The rupee may not be able to retain its present level if demand for dollars emerged owing to high payments.
INTER-BANK MARKET RATES: On Monday, the rupee managed to hold overnight level in terms of the dollar for buying and selling at 97.50 and 97.55. On Tuesday, markets were closed due to Qauid's birth anniversary and Christmas holiday. On Wednesday, the rupee posted fresh gains in relation to the dollar for buying and selling at 97.30 and 97.34. On Thursday, the rupee gave up firmness in terms of the dollar, shedding 34 paisa for buying and selling at 97.64 and 97.68.
On Friday, the rupee posted fresh gain of 44 paisa in relation to the dollar for buying at 97.20 and the national currency was up by 43 paisa for selling at 97.25.
OPEN MARKET RATES: On December 24, the rupee shed 10 paisa in relation to the dollar for buying and selling at 98.00 and 98.20. The rupee also dropped same amount versus the euro for buying and selling at Rs 128.60 and Rs 129.60.
On December 25, markets were closed. On December 26, the rupee picked up 20 paisa versus the dollar for buying and selling at 97.80 and 98.00 respectively. The rupee also inched up by 10 paisa versus the euro for buying at Rs 128.50 and for selling at Rs 129.50.
On December 27, the rupee held the overnight levels in relation to the dollar for buying and selling at 97.80 and 98.00. The rupee, however, lost 50 paisa versus the euro for buying at Rs 129.00 and for selling at Rs 130.00. On December 28, the rupee picked up 10 paisa versus the dollar for buying and selling at 97.70 and 97.90. The rupee also gained 70 paisa versus the euro for buying and selling at Rs 128.30 and Rs 129.30.
On December 29, the rupee was unchanged against the dollar for buying and selling at 97.70 and 97.90. The rupee also shed 20 paisa in relation to the euro for buying and selling at Rs 128.50 and Rs 129.50 respectively.
OVERSEAS MARKET OUTLOOK: In the first Asian trade, the yen fell and neared a 20-month low versus the dollar after Premier Shinzo Abe renewed pressure on the Bank of Japan to adopt a two percent inflation target.
The dollar was trading against the rupee Rs 55.11, the greenback was available at 3.0640 in terms of the Malaysian ringgit and the US currency was at 6.233 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 79.90-80.00 (previous 80.00-80.01). Call Money Rates: 09.00-10.00 percent (previous 7.00-11.00 percent).
In the second Asian trade, the yen hit a 20-month low against the dollar as Japan's prime minister stepped up pressure on BoJ for easy monetary policy, while the dollar was buoyed by uncertainty about US budget talks.
In the third Asian trade, the yen slumped to a 20-month low against the US dollar and a 16-month trough versus the euro on Wednesday, after Shinzo Abe assumed office as Japan's new prime minister and reiterated his pledge to push for more drastic monetary and fiscal measures and tame the strong Japanese currency.
Inter bank buy/sell rates for the taka against the dollar on Wednesday: 79.85-79.87 (79.90-80.00). Call Money Rates: 09.00-09.00 percent (previous 7.00-10.00 percent). The dollar was trading against the Indian rupee at Rs 54.96, the greenback was at 3.0690 versus the Malaysian ringgit and the US currency was at 6.234 in terms of the Chinese yuan.
In the fourth Asian trade, the yen fell to its lowest level in more than two years against the dollar on Thursday, reflecting expectations that the new government of Prime Minister Shinzo Abe will push to weaken Japan's currency and implement aggressive stimulus.
The dollar was trading against the Indian rupee at Rs 54.85, the greenback was available at 3.0625 in terms of the Malaysian ringgit and the greenback was at 6.2363 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Thursday: 79.75-79.90 (79.85-79.87). Call Money Rates: 07.75-09.00 percent (previous 7.25-10.70 percent).
In the final Asian trading, the yen fell to its lowest level in more than two years versus the dollar, pressured by expectations that the new Japanese government will push the BoJ into more aggressive monetary easing.
The dollar was trading against the Indian rupee at Rs 54.82, the greenback was available at 3.0610 in relation to the Malaysian ringgit and the US currency was available at 6.231 against the Chinese yuan.
At the weekend, the US dollar edged up to a two-week high against major currencies as investors waited to see if US politicians can strike a last-minute budget deal to avert tax hikes and spending cuts next year.
President Barack Obama and Democratic and Republican lawmakers were scheduled to meet on at 3pm EST (2000 GMT) as the year-end deadline approaches. Members of both parties were divided on the odds of success.