OPEN MARKAET RATES: The rupee managed to hold firmness, showing no change versus the dollar for buying and selling at Rs 108.20 and Rs 108.40. The rupee, however, lost 80 paisas in terms of the euro for buying and selling at Rs 113.50 and Rs 115.00.
INTERBANK MARKET: The rupee gained four paisas in relation to the dollar for buying and selling at Rs 104.80 and Rs 104.82.
Commenting on the present trend in the market, some leading experts were of the opinion that there is no doubt that demand was strong for dollars but supply was enough to meet the demand.
So, it is most likely that the rupee fluctuate against the dollar in a narrow-range in the near future, they said.
OPEN MARKET RATES: On Monday, the rupee shed 10 paisas versus the dollar for buying and selling at Rs 108.20 and Rs 108.40. The rupee, however, gained 30 paisas in terms of the euro for buying and selling at Rs 112.70 and Rs 114.20.
On Tuesday, the rupee dropped 20 paisas versus the dollar for buying and selling at Rs 108.40 and Rs 108.60. The rupee, however, gained 20 paisas in terms of the euro for buying and selling at Rs 112.50 and Rs 114.00.
On Wednesday, the rupee stayed put against the dollar for buying and selling at Rs 108.40 and Rs 108.60. While, the rupee lost 25 paisas in terms of the euro for buying and selling at Rs 112.75 and Rs 114.25. On Thursday, the rupee managed to gain 10 paisas against the dollar for buying and selling at Rs 108.30 and Rs 108.50. The rupee rose by five paisas in terms of the euro for buying Rs 112.70 and it also picked up 45 paisas for selling at Rs 113.70.
On Friday, the rupee sustained overnight levels versus the dollar for buying and selling at Rs 108.30 and Rs 108.50, they said. The rupee, however, went up in terms of the euro, picking up Rs 1.5 for buying Rs 113.75 and it also gained 55 paisas for selling at Rs 115.25.
On Saturday, the rupee managed to gain 10 paisas versus the dollar for buying and selling at Rs 108.20 and Rs 108.40. The rupee also picked 25 paisas in terms of the euro for buying and selling at Rs 113.50 and Rs 115.00.
INTERBANK MARKET: On January 2nd, the rates not received due to bank closing, on January 3, the rupee also shed 23 paisas in relation to the dollar for buying and selling at Rs 104.84 and Rs 104.85. On January 4, the rupee was unchanged in relation to the dollar for buying and selling at Rs 104.84 and Rs 104.85.
On January 5, the rupee appreciated by three paisas in relation to the dollar for buying and selling at Rs 104.80 and Rs 104.82. On January 6, the rupee retained it's levels in relation to the dollar for buying and selling at Rs 104.80 and Rs 104.82.
OVERSEAS OUTLOOK FOR DOLLARS: In the week opening session, the dollar recovered from a two-week low against a basket of six major currencies, though trade was thin due to many markets being closed for the New Year holiday.
The greenback soared to 14-year highs in December, boosted by market expectations that the US Federal Reserve will hike rates as many as three times this year, and that President-elect Donald Trump will stoke growth and inflation with a programme of fiscal expansion.
The single currency jumped two full cents to as high as $1.07, before quickly retreating, prompting analysts to draw parallels with a "flash crash" in October that briefly knocked almost 10 percent off the value of Britain's pound.
Inter bank buy/sell rates for the taka against the dollar on Monday. 78.70-78.70 (previous 78.70-78.70).
In the second Asian trade, the US dollar held on to broad gains, resuming its ascent after last week's brief wobble as the prospect of rising US interest rates this year kept sentiment bullish on the long-run.
The euro was sulking at $1.0461 despite strong manufacturing data for the currency bloc, having surrendered all of Friday's brief spike to $1.0700.
The dollar was trading against the Indian rupee at Rs 68.10, the greenback was at 4.4900 versus the Malaysian ringgit and the US currency was available at 6.9547 in terms of the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday. 78.70-78.70 (previous 78.70-78.70).
In the third Asian trade, the dollar moved back towards a 14-year peak on as US debt yields resumed climbing, giving a lift against the safe-haven yen amid strong investor appetite for riskier assets.
The dollar was available against the Indian rupee at Rs 68.12, the greenback was at 4.4970 in terms of the Malaysian ringgit and the US currency was at 6.9628 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Wednesday. 78.70-78.70 (previous 78.70-78.70).
In the fourth Asian trade, the dollar stepped further away from a 14-year peak against a basket of currencies, as investors locked in gains from its two-month-old rally after Donald Trump won the US presidential election.
The euro rose 0.3 percent in Asia to $1.0524, having recovered from a 14-year low of $1.0340 touched on Tuesday.
The dollar was available against the Indian rupee at Rs 67.80, the greenback was at 4.4825 in relation to the Malaysian ringgit and the US currency was at 6.8831 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Thursday. 78.70-78.70 (previous 78.70-78.70).
In the final Asian trade, dollar crawled as the dust settled from its tumble overnight to a three-week low, although gains were limited ahead of the US non-farm payrolls due out later in the session.
The dollar was trading against the Indian rupee at Rs 67.97, the greenback was at 4.4730 in terms of the Malaysian ringgit and the US currency was available at 6.9399 versus the Chinese yuan.
At the weekend, the dollar rose, boosted by a solid US jobs report, but was headed for a second straight weekly loss after tumbling the day before on mixed US economic data and apparent action by Chinese authorities to shore up the yuan.
The dollar hit a session high against the yen of 116.74 yen, while the euro, after hitting a one-week high immediately after the report's release, fell to a session low of $1.0536.
Copyright Business Recorder, 2017