OPEN MARKET RATES: The rupee inched down by 10 paisas versus the dollar for buying and selling at Rs 108.10 and Rs 108.30. While, the rupee shed 80 paisas in terms of the euro for buying and selling at Rs 113.00 and Rs 114.50.
INTER-BANK MARKET RATES: The rupee picked up 25 paisas in relation to the dollar for buying and selling at Rs 104.60 and Rs 104.63, they said.
Commenting on the present trend in the local currency market, experts said that there was strong demand for dollars but supply was enough to meet the requirements.
In the meantime, it is surprising to note that despite easy supply of dollars, the difference widened between the interbank and open market rates, they said.
During the year, in the open market, the rupee lost over Rs 6 against the dollar due to persistent demand from investors, currency viewers observed.
It is largely felt among the traders that the rupee's depreciation may help country's exports of textile products to increase in the coming days, they noted.
OPEN MARKET RATES: On December 26, the rupee rose by 20 paisas versus the greenback for buying Rs 108.00 and it picked up 30 paisas for selling at Rs 108.20, the rupee appreciated by 40 paisas in terms of the euro for buying and selling at Rs 112.20 and Rs 113.20.
On December 27, the rupee firmly held last levels versus the greenback for buying and selling at Rs 108.00 and Rs 108.20. While, the rupee lost 40 paisas in terms of the euro for buying and selling at Rs 112.60 and Rs 114.10.
On December 28he rupee dropped by 10 paisas versus the greenback for buying and selling at Rs 108.10 and Rs 108.30.
While, the rupee picked up 20 paisas in terms of the euro for buying and selling at Rs 112.40 and Rs 113.90.
On December 29, the rupee continued erosion versus the dollar, shedding further 10 paisas for buying and selling at Rs 108.20 and Rs 108.40.
The rupee also dropped by 20 paisas in terms of the euro for buying and selling at Rs 112.60 and Rs 114.10.
On December 30, the rupee managed to halt erosion in it's value versus the dollar, recovering 10 paisas for buying and selling at Rs 108.10 and Rs 108.30, they said. The rupee, however, shed 20 paisas in terms of the euro for buying and selling at Rs 112.80 and Rs 114.30.
On Saturday, the rupee did not move any side versus the dollar for buying and selling at Rs 108.10 and Rs 108.30. While, the rupee shed 20 paisas in terms of the euro for buying and selling at Rs 113.00 and Rs 114.50.
INTER-BANK MARKET: On Monday, no change was seen in rates due to local holiday. On Tuesday, the rupee managed to keep present levels against the dollar for buying and selling at Rs 104.85 and Rs 104.90. On Wednesday, the rupee inched up with slight gains against the dollar for buying and selling at Rs 104.84 and Rs 104.88.
On Thursday, the rupee somehow managed to hold overnight levels against the dollar for buying and selling at Rs 104.85 and Rs 104.88.
On Friday, the rupee also picked up five paisas in relation to the dollar for buying and selling at Rs 104.60 and Rs 104.63.
OVERSEAS OUTLOOK FOR DOLLAR: In the first Asian trade, the dollar dipped against the yen, edging lower down after US Treasury yields dipped on mixed economic data.
Trading was subdued with many key markets shut on Monday for the Christmas holidays.
In the second Asian trade, the dollar inched up against the yen and euro as some investors emerged out of the holiday lull to hunt for bargains as the market entered the last trading stretch of the year.
The euro slipped 0.2 percent to $1.0435 after climbing overnight to $1.0469.
The dollar was trading against the Indian rupee at Rs 67.86, the greenback was at 4.4760 in terms of the Malaysian ringgit and the US currency was at 6.9495 in relation to the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday 78.70-78.80 (previous 78.78-78.80).
In the third Asian trade, the dollar inched up against the yen after upbeat US economic data reinforced expectations for economic growth under Donald Trump's Administration and more rate hikes by US Federal Reserve next year.
The dollar rose 0.2 percent against the yen to 117.67, adding to its gains of nearly 0.5 percent on Tuesday in the wake of data showing US consumer confidence hit a 15-year peak in December.
The dollar was trading against the Indian rupee at Rs 68.20, the US currency was at 4.4800 in terms of the Malaysian ringgit and the greenback was at 6.9542 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Wednesday. 78.70-78.78 (previous 78.70-78.80):
In the fourth Asian trade, the dollar sagged against the yen, weighed down by US yields slipping to two-week lows and an ebb in risk appetite that favoured the safe-haven Japanese currency.
The euro was given breathing space as the dollar weakened against its Japanese peer. The common currency was up 0.2 percent at $1.0437 after falling to as low as $1.0372 the previous day.
The dollar was trading against the Indian rupee at Rs 68.14, the greenback was at 4.4830 versus the Malaysian ringgt and the US currency was at 6.9550 in relation to the Chinese yuan Inter bank buy/sell rates for the taka against the dollar on Thursday: 78.70-78.70 (previous 78.70-78.78).
In the final Asian trade, the euro jumped to its highest in three weeks in holiday-thinned Asian trade, but was on track for a losing year on expectations that US President-elect Donald Trump's policies will boost inflation and prompt the US Federal Reserve to hike interest rates at a faster pace.
The euro was last up 0.8 percent at $1.0570 after briefly spiking to $1.0700, its highest since December 8. On the last trading day of 2016, it was down 2.6 percent against the dollar for the year.
The euro also soared against the Japanese currency. It was up 0.6 percent at 122.98 yen after touching 123.87, its highest since December 15, but remained on track to shed 5.8 percent for the year.
The dollar was trading against the Indian rupee at Rs 67.97, the greenback was at 4.4845 in terms of the Malaysian ringgit and the US currency was at 6.9496 against the Chinese yuan.
While, the rupee shed 20 paisas in terms of the euro for buying and selling at Rs 113.00 and Rs 114.50, they said.
At the week-end, the US dollar was on track to notch a fourth straight year of gains against a basket of major currencies, despite briefly tumbling against the euro during the Asian trading session on thin liquidity.
Copyright Business Recorder, 2017