In the interbank market: The rupee slipped by nearly five paisas against the dollar for buying and selling at Rs 104.81 and Rs 104.83.
In the open market, the rupee dropped 30 paisas in relation to the dollar for buying and selling at Rs 105.10 and Rs 105.30. The rupee, however, gained 35 paisas versus the euro for buying and selling at Rs 118.25 and Rs 119.25.
Commenting on the easier trend in the money market, some experts said that rising demand for dollars forced the rupee surrender some gains.
The country's foreign exchange reserves touched all-time high of 21.3 billion dollars.
INTER-BANK MARKET RATES: On Monday, the rupee after maintaining a firm trend for a long time against the dollar, losing nine paisas for buying and selling at Rs 104.75 and Rs 104.76, dealer said.
On Tuesday, the rupee moved slightly against the dollar for buying and selling at Rs 104.74 and Rs 104.75, dealer said. On Wednesday, the rupee stayed put against the dollar for buying and selling at Rs 104.74 and Rs 104.75. On Thursday, the rupee lost six paisa against the dollar at 104.79 and Rs 104.80.
On Friday, the rupee slipped by three paisas against the dollar for buying and selling at Rs 104.81 and Rs 104.83.
OPEN MARKET RATES: On May 17, the rupee followed the same trend versus the dollar in the open market, losing five paisas for buying and selling at Rs 104.80 and Rs 105.00. The rupee also shed 10 paisas versus the euro for buying and selling at Rs 118.60 and Rs 119.60.
On May 18, the rupee shed 10 in relation to the dollar for buying and selling at Rs 104.90 and Rs 105.10. The rupee, however, rose by five paisas versus the euro for buying and selling at Rs 118.55 and Rs 119.55. On May 19, the rupee lost further 10 paisas in relation to the dollar for buying and selling at Rs 105.00 and Rs 105.20. The rupee, however, gained 30 paisas versus the euro for buying and selling at Rs 118.25 and Rs 119.25.
On May 20, the rupee was unchanged in relation to the dollar for buying and selling at Rs 105.10 and Rs 105.30, they said. The rupee, however, lost 45 paisas versus the euro for buying and selling at Rs 118.05 and Rs 119.05.
On May, the rupee was unmoved in relation to the dollar for buying and selling at Rs 105.10 and Rs 105.30. The rupee, however, lost 20 paisas versus the euro for buying and selling at Rs 118.25 and Rs 119.25.
OVERSEAS OUTLOOK FOR DOLLARS: In the first Asian trade, the yen reversed course and eased versus the dollar, after rising initially as disappointing economic news out of China shored up demand for the safe-haven currency.
Chinese investment, factory output and retail sales all missed forecasts, adding to doubts about whether the economy is stabilising.
The dollar initially fell versus the yen in early Asia trade. It touched a low of 108.46 yen, retreating from two-week highs of 109.57 set on Friday, when the dollar gained a lift from upbeat US data. The dollar later recovered its losses and last stood at 108.90 yen, up 0.2 percent on the day.
The yen came off its earlier highs as Tokyo shares drew strength from strong US data on Friday that helped offset worries over softness in Chinese economic indicators.
The dollar was trading against the Indian rupee at Rs 66.84, the US currency was available at 4.0310 in terms of the Malaysian ringgit and the greenback was at 6.5270 in relation to the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Monday. 78.40-78.40 (previous 78.40-78.40).
In the second Asian trade, the dollar edged down slightly in Asian trading on Tuesday, while the Australian dollar soared after central bank minutes reduced expectations of an interest rate cut.
The Aussie was already bolstered by a rebound in crude oil futures. US crude hit a six-month high, as the market focused on supply disruptions that prompted long-time bear Goldman Sachs to issue a more bullish assessment.
Minutes of the Reserve Bank of Australia's (RBA) May policy meeting, at which policymakers reduced the cash rate by a quarter point to a record low 1.75 percent, were less dovish than some had anticipated.
The Aussie was up 0.8 percent at $0.7349 after rising as high as $0.7368, pulling decisively away from a two-and-a-half month low of $0.7236 plumbed in the previous session.
The dollar was trading against the Indian rupee at Rs 66.70, the greenback was at 4.0110 in terms of the Malaysian ringgit and the US currency was at 6.5201 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday. 78.40-78.40 (previous 78.40-78.40).
In the third Asian trade, the yen gained against the dollar and the euro, after data showed Japan's economy expanded at the fastest pace in a year in the first quarter and some investors pared bets on further stimulus.
Japan's economy expanded by an annualised 1.7 percent in January-March, easily beating the median market forecast for a 0.2 percent increase and rebounding from a 1.7 percent contraction in the previous quarter, the Cabinet Office data showed. The dollar was trading against the rupee at Rs 66.90, the US currency was at 4.0320 in terms of the Malaysian ringgit and the greenback was at 6.5341 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday. 78.40-78.40 (previous 78.40-78.4.
In the fourth Asian trade, the dollar held at its highest in nearly two months against a basket of major currencies early on Friday, on track for a third week of gains as investors awaken to the risk of a hike in US interest rates as early as next month.
New York Federal Reserve President William Dudley on Thursday said the US economy could be strong enough to warrant a rate increase in June or July.
His comments reinforced surprisingly clear signals of a possibly imminent rate hike in minutes of the Federal Reserve's April policy meeting and underpinned an already-firm greenback.
The dollar was available at 67.34 against the Indian rupee, the greenback was at 4.0740 in terms of the Malaysian ringgit, the US currency was at 6.5451 versus the Chinese yuan.
In the final session, the dollar held at its highest in nearly two months against a basket of major currencies early on Friday, on track for a third week of gains as investors awaken to the risk of a hike in US interest rates as early as next month.
New York Federal Reserve President William Dudley on Thursday said the US economy could be strong enough to warrant a rate increase in June or July.
His comments reinforced surprisingly clear signals of a possibly imminent rate hike in minutes of the Federal Reserve's April policy meeting and underpinned an already-firm greenback.
The dollar was available at 67.34 against the Indian rupee, the greenback was at 4.0740 in terms of the Malaysian ringgit, the US currency was at 6.5451 versus the Chinese yuan.
At the week-end, the US dollar hit its highest level against the yen in more than three weeks on Friday on expectations of a potential summer Federal Reserve interest rate hike, while the dollar edged lower against the euro after profit-taking.
The dollar hit 110.58 yen, its highest level against the Japanese currency since April 28. Analysts said minutes from the Fed's April meeting released Wednesday indicating a June rate hike was firmly on the table were still supporting the dollar.