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The rupee moved cautiously against the dollar on the money market during the week, ended on February 11, 2017. In the interbank market, the rupee managed to gain three paisas versus the dollar for buying and selling at Rs 104.78 and Rs 104.80.

In the open market, the rupee recovered 50 paisas against the dollar for buying and selling at Rs 107.10 and Rs 107.30.

The rupee also picked up around Rs 2.00 in relation to the euro for buying and selling at Rs 113.80 and Rs 115.30, they said.

The rupee traded in a narrow band versus the dollar during the week, some experts said.

The country's foreign exchange reserves fell to 17.22 billion dollars.

It is expected that the dollar may move up with slight gain in days to come, they said.

OPEN MARKET RATES: On Monday, the rupee recovered 10 paisas in relation to the dollar for buying and selling at Rs 107.60 and Rs 107.80. The rupee managed to gain 45 paisas in terms of the euro for buying and selling at Rs 115.75 and Rs 117.25.

On Tuesday, the rupee was inert against the dollar for buying and selling at Rs 107.60 and Rs 107.80. The rupee gained sharply in terms of the euro, picking up Re one for buying and selling at Rs 114.75 and Rs 116.25. On Wednesday, the rupee was unchanged against the dollar for buying and selling at Rs 107.60 and Rs 107.80, they said. The rupee extended overnight gains in terms of the euro, rising more 50 paisas for buying and selling at Rs 114.25 and Rs 115.75.

On Thursday, the rupee rose by 20 paisas versus the dollar for buying at Rs 107.20 and the national currency picked up 40 paisas for selling and Rs 107.40.

The rupee inched up in terms of the euro, rising more five paisas for buying and selling at Rs 114.20 and Rs 115.70.

On Friday, the rupee did not move any side versus the dollar for buying at Rs 107.20 and the national currency picked up 40 paisas for selling and Rs 107.40.

The rupee inched up in terms of the euro, rising more five paisas for buying and selling at Rs 114.20 and Rs 115.70.

On he rupee gained 10 paisas versus the dollar for buying and selling at Rs 107.10 and Rs 107.30, they said.

The rupee also picked up 40 paisas in relation to the euro for buying and selling at Rs 113.80 and Rs 115.30, they said.

INTER-BANK MARKET RATES: On February 6, the rupee traded in a narrow range versus the dollar for buying and selling at Rs 104.81 and Rs 104.82. On February 7, the rupee traded in a narrow range versus the dollar for buying and selling at Rs 104.81 and Rs 104.82. On February 8, the rupee maintained its last levels versus the dollar for buying and selling at Rs 104.81 and Rs 104.82.

On February 9, the rupee picked up one paisa versus the dollar for buying and selling at Rs 104.80 and Rs 104.81. On February 10, the rupee managed to gain two paisas versus the dollar for buying and selling at Rs 104.78 and Rs 104.80.

OVERSEAS OUTLOOK FOR DOLLAR: In the first Asian trade, the dollar started the week on the back foot, after US data showed a smaller-than-expected rise in wages in January that reinforced expectations the Federal Reserve will refrain from raising interest rates next month.

The dollar index, which tracks the greenback against a basket of six major rivals, drooped 0.2 percent to 99.688 , moving back toward last Thursday's low of 99.233, which was its weakest since mid-November.

The US currency slipped 0.2 percent against the yen from Friday's late North American levels to 112.36 yen, retreating toward last week's late-November low of 112.05.

While the headline figure of Friday's non-farm payrolls report for January showed a greater-than-expected rise in job growth, the unemployment rate edged up and wage growth was disappointing. That implied inflation would not attain a pace that would prompt the US central bank to raise interest rates soon.

Fed fund futures priced in a less than 10 percent chance of a rate hike in March after the jobs data on Friday, according to the CME Group's FedWatch. The chance of a June increase was seen at more than 60 percent.

The dollar was trading against the Indian rupee at Rs 67.21, the greenback was available at 4.4220 in terms of the Malaysian ringgit and the US currency was at 6.8585 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 79.14-79.15 (previous 79.15-79.15).

In the second Asian trade, the yen held large gains against a number of peers as investors sought refuge in the safe-haven Japanese currency amid a latest rise in European political concerns.

The dollar traded at 111.930 yen after slipping to 111.590, it's lowest since Nov 28. The euro fetched 119.910 yen following a dip earlier to a two-month low of 119.750.

The Australian and New Zealand dollars and the pound also gave ground to the buoyant yen. The Japanese currency had rallied versus the dollar the previous day on an increase in risk aversion, dragged down as US Treasury yields fell in tandem with Wall Street shares and crude oil prices.

The euro extended overnight losses and was down 0.3 percent at $1.0725, in reach of a one-week low of $1.0713 set the previous day.

The latest decline pulled the euro further away from an eight-week high of $1.0829 scaled on Thursday against a broadly weaker dollar.

The dollar was trading against the Indian rupee at Rs 67.35, the greenback was available at 4.4345 in terms of the Malaysian ringgit and the US currency was at 6.8753 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 79.18-79.20 (previous 79.14-79.15).

In the third Asian trade, the euro nursed losses, pressured by political woes in Europe ahead of elections that checked its recent ascent against the dollar.

France's presidential race sank deeper into the mire of scandal after centrist Emmanuel Macron was forced to deny an extramarital affair and conservative Francois Fillon pressed on with efforts to salvage his reputation after accusations that he used taxpayers' money to pay his wife for work she may not have done.

Uncertainty about the two rounds of the election on April 23 and May 7 drove the premium that investors demand for holding French over German government debt to its highest for almost four years.

Opinion polls show Macron slightly ahead of Fillon in the first round, but behind far-right National Front leader Marine Le Pen. She has vowed to pull France out of the euro zone and hold a vote on its membership in the European Union.

The euro was slightly lower on the day against the dollar at $1.0681, after falling as low as $1.0656 on Tuesday, its lowest since late January and well below last week's nearly two-month high of $1.0829.

The dollar was trading against the Indian rupee at Rs 67.32, the greenback was at 4.4380 and the US currency was available at 6.8810 versus the Chinese yuan.

Inter bank buy/sell rates for the taka against the dollar on Wednesday: 79.20-79.20 (previous 79.18-79.20).

In the fourth Asian trade, the dollar managed to stabilise after the previous session's slide, although lingering risk aversion pinned Treasury yields near multi-week lows and restrained the greenback's bounce. The euro was down 0.1 percent at $1.0678, edging back towards a one-week low of $1.0640 reached on Wednesday on heightened European political woes.

The dollar rose 0.3 percent to 112.265 yen after nearing a 10-week low of 111.590 the previous day. The greenback was hit as Treasury yields slid sharply overnight. The dollar index against a basket of major currencies was up 0.1 percent at 100.370.

The dollar was available against the Indian rupee at Rs 67.03, the greenback was at 4.4370 in terms of the Malaysian ringgit and the US currency was trading at 6.8655 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Thursday: 79.20-79.20 (previous 79.20-79.20).

In the final Asian trade, the dollar was buoyant, rising to a 1-1/2-week high versus the yen, on comments by US President Donald Trump that he would announce the most ambitious tax reform plan since the Reagan era in the next few weeks.

The dollar was knocked back against the euro and yen this month as Trump focused on protectionist trade policies and appeared to back a weaker dollar since taking office.

The euro was little changed at $1.0666 after losing 0.4 percent the previous day. The common currency was on track to shed more than 1 percent on the week, during which it was dogged by perceived political risks facing the euro zone.

The dollar was trading against the Indian rupee at Rs 66.93; the greenback was at 4.4440 in terms of the Malaysian ringgit and the US currency at 6.8779 versus the Chinese yuan.

At the weekend, the dollar gained on expectations of a constructive meeting between US President Donald Trump and Japanese Prime Minister Shinzo Abe, while Trump's comments on tax reform Thursday continued to support the greenback.

The euro touched $1.0608, its lowest level against the dollar since January 19, while the dollar touched 113.85 yen, it's highest against the Japanese currency since February 1.

The dollar index, which measures the greenback against a basket of six major currencies, rose as much as 0.3 percent to an 11-day high of 101.010. The index later pared gains and was last up about 0.2 percent at 100.880.



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