In the inter-bank market, the rupee rose by five paisas versus the dollar for buying and selling at Rs 104.80 and Rs 104.82.
Some analysts observed that the dollar touched Rs 108.20 mark in the open market in the beginning session of the week due to strong demand, some experts said and adding that it looks that the rupee may not show any weakness in the near future.
There is a gap of nearly Rs 4 between the inter-bank and open market rates, despite this it makes no difference because supply is enough to meet demand of the market, they said.
They said that the rupee halted fresh erosion versus the dollar, on the other hand, the national currency is gaining ground versus other major currencies, which is a disturbing factor for the local exporters.
OPEN MARKET RATES: On Monday, the rupee lost 30 paisas versus the dollar for buying and selling at Rs 107.70 and Rs 107.90.
The rupee, however, gained 60 paisas in terms of the euro for buying and selling at Rs 114.60 and Rs 115.50.
On Tuesday, the rupee retained overnight levels in relation to the dollar for buying and selling at Rs 107.70 and Rs 107.90. The rupee, however, lost 65 paisas in terms of the euro for buying and selling at Rs 115.25 and Rs 116.75.
On Wednesday, the rupee held the overnight levels firmly in relation to the dollar for buying and selling at Rs 107.70 and Rs 107.90.
The rupee extended overnight declines in terms of the euro, shedding 75 paisas for buying and selling at Rs 116.00 and Rs 117.50 respectively.
On Thursday, the rupee remained unchanged in relation to the dollar for buying and selling at Rs 107.70 and Rs 107.90. The rupee also maintained its last levels in terms of the euro for buying and selling at Rs 116.00 and Rs 117.70.
On Friday, the rupee stayed put in relation to the dollar for buying and selling at Rs 107.70 and Rs 107.90. The rupee rose by 50 paisas in terms of the euro for buying and selling at Rs 116.00 and Rs 117.70.
On Thursday, the rupee was unchanged in relation to the dollar for buying and selling at Rs 107.70 and Rs 107.90. The rupee extended overnight gains in terms of the euro, picking up 25 paisas for buying and selling at Rs 115.75 and Rs 117.25.
INTER-BANK MARKET RATES: On January 30, the rupee showed no variation in relation to the dollar for buying and selling at Rs 104.85 and Rs 104.86. On January 31, the rupee was inert versus the dollar for buying and selling at Rs 104.85 and Rs 104.86.
On February 01, the rupee was almost trading versus the dollar at the present levels for buying and selling at Rs 104.85 and Rs 104.86.
On February 2, the rupee rose by four paisas versus the dollar for buying and selling at Rs 104.80 and Rs 104.82.
On February 3, the rupee inched up versus the dollar as the national currency gained three paisas for buying and selling at Rs 104.78 and Rs 104.80.
OVERSEAS OUTLOOK FOR DOLLAR: In the first Asian trade, the dollar fell, nudged off a one-week high against a basket of currencies after Treasury yields declined on data showing the US economy growing more slowly than expected.
Underlying concerns over US President's Donald Trump's protectionist trade stance also cut short the dollar's stay at the one-week peak, with a temporary travel ban on people from seven Muslim-majority countries imposed at the weekend adding another layer of uncertainty. The dollar was down 0.6 percent at 114.410 yen after it rise on Friday to 115.380, it's highest since January 20.
The euro added to Friday's modest gains and was last 0.3 percent higher at $1.0733.
Inter bank buy/sell rates for the taka against the dollar on Monday: 79.06-79.07 (previous 79.05-79.05).
In the second Asian trade, the dollar slipped against the yen on Tuesday, as the Japanese currency benefited from its safe-haven status, with the appetite for risk curbed by US President Donald Trump's hardening defence over his immigration policies
The dollar was down 0.2 percent at 113.570 yen after dropping to as low as 113.240. It lost more than 1 percent overnight, when it was knocked off its perch above 115.000.
The latest blow against the dollar was initiated after Trump ordered a temporary ban over the weekend on the entry of refugees and people from seven Muslim-majority countries.
On Monday, the president fired acting US Attorney General Sally Yates after she refused to defend Trump's new travel restrictions. Selling of the dollar appeared to have briefly gained momentum after Trump's move, said a dealer at a Japanese bank.
The dollar was available against the Indian rupee at Rs 67.87, the greenback was trading versus the Malaysian ringgit at 4.4270 and the US currency was at 6.8807 in terms of the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Tuesday: 79.0950-79.1000 (previous 79.06-79.07).
In the fourth Asian trade, the dollar slipped, edging back toward recent lows after the Federal Reserve disappointed investors hoping for a more hawkish policy stance, while the Australian dollar rallied after data showed that nation had booked a record trade surplus last month.
The Aussie gained 0.6 percent to $0.7620, after earlier scaling $0.730, its loftiest peak since November 2016.
Data from the Australian Bureau of Statistics showed a trade surplus of A$3.51 billion ($2.68 billion) in December, handily outpacing forecasts of A$2.2 billion, as surging commodity prices showered the resource-rich nation in cash.
Against the yen, the dollar was buying 113.03, down 0.2 percent though well above Tuesday's low of 112.08, while the euro edged up 0.1 percent to $1.07820.
The dollar was trading against the Indian rupee at Rs 67.41, the US currency was available at 4.4360 in terms of the Malaysian ringgit and the greenback was at 6.8807 versus the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Thursday. 79.12-79.14 (previous 79.12-79.12)
In the third Asian trade, the dollar edged up against a basket of major peers as bargain hunters stepped in after the dollar slid overnight to a seven-week low, reflecting mounting concerns that the United States was poised to ditch a two decade-old "strong dollar" policy.
The dollar was up 0.4 percent at 113.260 yen after dropping overnight to a two-month low of 112.080.
The dollar was trading against the Indian rupee at Rs 67.63, the greenback was at 4.4280 in terms of the Malaysian ringgit and the US currency was at 6.8807.
Inter bank buy/sell rates for the taka against the dollar on Wednesday: 79.12-79.12 (previous 79.0950-79.1000).
In the final Asian trade, the recently beleaguered dollar rose to its session high against the yen after the Bank of Japan offered to buy Japanese government bonds in a surprise operation aimed at bringing down JGB yields, as investors awaited US jobs data later in the session.
The dollar was up 0.2 percent at 113.04 yen after rising as high as 113.24 earlier. It had slumped to 112.05 yen overnight, its lowest since late November, and was still on track to fall 1.8 percent for the week.
The dollar was trading against the Indian rupee at Rs 67.39, the greenback was at available at 4.4230 in terms of the Malaysian ringgit and the US currency was at 6.8692 versus the Chinese yuan.
At the week-end, the dollar edged lower against yen and euro in choppy trading after the US employment report showed a smaller-than-expected rise in wages last month despite strong jobs gains, raising doubts about the strength of the economy. The report though was positive overall, analysts said, and should keep the Federal Reserve on track for multiple rate hikes this year.
Copyright Business Recorder, 2017