In the near-term, it looks that the rupee may depict slight changes against the dollar. Country's foreign exchange reserves at 23.2 billion dollars.
OPEN MARKET RATES: The rupee shed 10 paisas in relation to the dollar for buying and selling at Rs 108.40 and Rs 108.60, they said.
The rupee also lost Rs 1.15 in terms of the euro for buying and selling at Rs 114.75 and Rs 116.25.
INTER-BANK MARKET RATES: In the interbank market, the rupee managed to trade at Rs 104.84 and Rs 104.85 most the time.
OPEN MARKET RATES: On Monday, the rupee fell by 10 paisas versus the dollar for buying and selling at Rs 108.30 and Rs 108.50. The rupee also dropped 10 paisas in terms of the euro for buying and selling at Rs 113.60 and Rs 115.10.
On Tuesday, the rupee managed to hold overnight levels versus the dollar for buying and selling at Rs 108.30 and Rs 108.50. The rupee lost 40 paisas in terms of the euro for buying and selling at Rs 114.00 and Rs 115.50.
On Wednesday, the rupee was almost unchanged against the dollar for buying and selling at Rs 108.30 and Rs 108.50. The rupee managed to gain 25 paisas versus the euro for buying and selling at Rs 113.75 and 115.25.
On Thursday, the rupee shed 10 paisas versus the dollar for buying and selling at Rs 108.40 and Rs 108.60. The rupee, lost 85 paisas in terms of the euro for buying and selling at Rs 114.60 and Rs 116.10.
On Friday, the rupee managed to retain overnight levels in relation to the dollar for buying and selling at Rs 108.40 and Rs 108.60. The rupee lost 40paisas in terms of the euro for buying and selling at Rs 115.00 and Rs 116.50.
On Saturday, the rupee did not show any change in relation to the dollar for buying and selling at Rs 108.40 and Rs 108.60.
The rupee picked up 25 paisas in terms of the euro for buying and selling at Rs 114.75 and Rs 116.25.
INTER-BANK MARKET: During the week, the rupee traded in a narrow band versus the dollar for buying and selling at Rs 104.84 and Rs 104.85.
WORLD VALUE OF DOLLAR: In the first Asian session, the dollar crept ahead in Asia after signs of wage pressure in the December US jobs report proved enough to lift Treasury yields, but bulls remained wary of a sudden setback following last week's wave of profit-taking.
The dollar made more progress on a broadly softer yen, adding 0.5 percent to 117.43 and nearing near-term resistance at 117.77. Support was seen around 116.80/90. The euro was steady at $1.0530, after ricocheting between $1.0339 and $1.0621 last week, but also gained ground on the yen to 123.65.
The dollar was trading against the Indian rupee at Rs 68.22, the greenback was at 4.4750 in terms of the Malaysian ringgit and the US currency was at 6.9340 versus the Chinese yuan.
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 session, sterling steadied somewhat after weekend comments from British Prime Minister Theresa May sent it skidding to 2-1/2-month lows, while the dollar wallowed well below recent highs as the perceived safe-haven yen gained.
The dollar was trading against the Indian rupee at Rs 68.03, the greenback was at 4.4720 in terms of the Malaysian ringgit and the US currency was at 6.9255 in relation to the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 78.70-78.76 (previous 78.70-78.70).
In the third Asian trade, the dollar edged higher against a basket of major currencies ahead of a news conference by US President-elect Donald Trump in which he is expected to spell out more about his plans for the economy.
The dollar was available against the Indian rupee at Rs 68.26, the greenback was at 4.4730 in terms of the Malaysian ringgit and the US currency was at 6.9245 in terms of the Chinese yuan..
In the fourth Asian session, the dollar skidded, moving back toward one-month lows against the perceived safe-haven yen, after President-elect Donald Trump's highly-awaited news conference failed to offer details on his promises to boost fiscal spending and cut taxes. Trump, who takes office on January 20, did not elaborate on his planned growth policies, and instead took aim at targets that included pharmaceutical companies and US intelligence agencies.
The dollar was trading against the Indian rupee at Rs 68.10, the greenback was at 4.4600 in terms of the Malaysian ringgit and the US currency was at 6.9117 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Thursday: 78.83-78.86 (previous 78.80-78.81).
In the final Asian session, the dollar inched up from a five-week low against the yen and steadied against the broader basket of currencies, while the markets brushed off softer-than-expected Chinese exports figures.
On the week, the dollar has lost 1.6 percent so far-its fourth straight week in the red, which would mark its biggest weekly fall since late July if the losses are sustained.
At the weekend, the US dollar edged lower, putting in on track for its worst week since early November against a basket of currencies as traders grew uneasy about the scarcity of new information regarding US President-elect Donald Trump's economic policies.
Copyright Business Recorder, 2017