INTER-BANK MARKET: OPEN MARKET RATES: The rupee almost moved both ways versus the dollar for buying and selling at Rs 122.50 and Rs 123.50. The rupee lost sharply against the euro for buying and selling at Rs 138.50 and Rs 143.50.
According to the market sources, the whole nation, particularly, traders and businessmen hoping for better management by the new government, introduction of changes but positive which will help the common persons, as well.
We just can observe that nation want provision of basic requirements, because people of all walks of life, fed up with the present set up, they said. In many areas of the country people are with out clean water, rising oil prices pushing up rates of all necessities, the needy people want basic necessities, other experts said.
INTER-BANK MARKET RATES: On July 30, the rupee rose by around Rs 4 in terms of the dollar for buying and selling at 124.25 and Rs 124.75, they added. On July 31, the rupee extended overnight gains in terms of the dollar, picking up 25 paisas for buying at Rs 124.00 and the domestic currency gained 50 paisas for selling Rs 124.25, they added.
On August 1st, the rupee managed to gain 10 paisas in terms of the dollar for buying at Rs 123.90 and the domestic currency picked up 25 paisas for selling Rs 124.00. On August 2nd, the rupee depreciated by 15 paisas in terms of the dollar for buying at Rs 124.05 and the domestic currency lost 10 paisas for selling Rs 124.10. On August 03, the rupee inched up by three paisas in terms of the dollar for buying and selling at Rs 124.03 and Rs 124.07.
OPEN MARKET RATES: On Monday, the rupee recovered over Rs 6 in relation the dollar for buying and selling at Rs 118.00 and Rs 123.00, they said. The rupee also picked up Rs 5 against the euro for buying and selling at Rs 132.80 and Rs 147.00, they said. On Tuesday, the rupee, however, lost Rs 3.50 in relation the dollar for buying at Rs 121.50, it, however, rose by 50 paisas for selling and Rs 122.50, they said. The rupee also picked up Rs 1.80 against the euro for buying and selling at Rs 131.00 while it appreciated by Rs 5.00 for selling at Rs 142.00, they said.
On Wednesday, the rupee, however, lost Rs 1.50 in relation the dollar for buying and selling at Rs 123.00 and Rs 124.00, they said. The rupee also lost around Rs 7.00 against the euro for buying at Rs 138.75 while it was down by Rs 2.50 for selling at Rs 144.50.
On Thursday, the rupee, however, appreciated by 50 paisas in relation the dollar for buying and selling at Rs 122.50 and Rs 123.50. The rupee shed Re one against the euro for buying at Rs 140.75 while it recovered same amount to Rs 143.50.
On Friday, the rupee also maintained surge versus the dollar, gain Re one for buying and selling at Rs 121.50 and Rs 122.50, they said. The rupee picked up Rs 4.75 against the euro for buying at Rs 136.00 while it showed no change at the selling side at Rs 143.50, they said.
On Saturday, the rupee failed to hold overnight gains versus the dollar, losing Re one for buying and selling at Rs 122.50 and Rs 123.50. The rupee lost Rs 2.50 against the euro for buying at Rs 138.50 while it showed shed 50 paisas for selling side at Rs 143.50.
OVERSEAS OUTLOOK FOR DOLLAR: In the first Asian trade, the dollar was steady against its peers on Monday, sticking to a tight range as market participants awaited key central bank meetings this week that could set the near-term course for currencies.
Central banks in focus include the Bank of Japan, which ends a two-day meeting on Tuesday, and the Federal Reserve, which concludes its policy meeting on Wednesday. The Bank of England also makes a policy decision on Thursday.
The dollar index against a basket of six major currencies stood little changed at 94.720, after dipping slightly on Friday. Upbeat second quarter US gross domestic product data failed to lift the greenback, as markets had mostly priced in strong figures. The US currency was 0.01 percent higher at 111.125 yen following a loss of about 0.2 percent on Friday.
Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo, said investors will be more interested in US GDP data that incorporates July, which is when tariffs against Chinese goods were activated.
The dollar was available against the Indian rupee at Rs 68.730, the US currency was at 4.063 in terms of the Malaysian ringgit and the greenback available at 6.834 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 83.75-83.75 (Previous 83.75-83.75).
In the second Asian trade, the US dollar seesawed against the Japanese yen on Tuesday after the Bank of Japan made small tweaks to its policy rather than more drastic changes that some traders had expected.
The dollar briefly dropped to 110.75 yen before jumping to a one-week high of 111.44 yen, gaining about 0.3 percent on the day, after the BOJ took measures to keep its massive stimulus programme flexible.
The BOJ pledged on Tuesday to maintain its short-term interest rate target at minus 0.1 percent and decided to guide 10-year JGB yields around zero percent.
The dollar was trading against the Indian rupee at Rs 68.610, the US currency was at 4.058 in terms of the Malaysian ringgit and the greenback was available at 6.823 in relation to the Chinese yuan.
The dollar was trading against the Indian rupee at Rs 68.610, the US currency was at 4.058 in terms of the Malaysian ringgit and the greenback was available at 6.823 in relation to the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Tuesday: 83.75-83.75 (Previous 83.75-83.75).
In the third Asian trade, the US dollar edged up on the yuan and growth-leveraged currencies on Wednesday after a source said the White House was about to propose higher tariffs on $200 billion in Chinese imports, perhaps sparking a new round of trade hostilities.
The dollar was up 0.39 percent at 6.8290 yuan after reports circulated President Donald Trump would propose tariffs of 25 percent, instead of 10 percent, in an announcement that could come as early as Wednesday.
The Australian dollar, often used as a proxy for China plays, dipped 0.2 percent to $0.7412. Against a basket of currencies the dollar added 0.1 percent to 94.577, while the euro held steady at $1.1684.
"The jury is out on whether this is yet another 'clever' negotiating tactic by the US, but the market has reacted as expected and risk appetite looks set once again to pull back over the next couple of trading sessions," said Nick Twidale, COO at Rakuten Securities.
The dollar was also holding the whip hand against the yen after Tuesday's pledge by the Bank of Japan to keep rates extremely low for an extended period.
The dollar was poised at 111.82 yen as bulls girded for another test of resistance around 112.00. Analysts say Japanese bond yields are likely to stay low in the near-term, capping the yen.
The dollar was trading against the Indian rupee at Rs 68.560, the greenback was at 4.065 in terms of the Malaysian ringgit and the US currency was available at 6.820 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Wednesday: 83.75-83.75 (Previous 83.75-83.75)
In the fourth Asian trade, the US dollar held on to gains against a basket of its peers on Thursday, after the Federal Reserve gave an upbeat assessment of the world's biggest economy and stayed on course to gradually lift interest rates.
The dollar was already well bid by concerns about a further escalation in the Sino-US trade dispute and higher US Treasury yields.
After ending its two-day policy meeting, the Fed kept interest rates unchanged as widely expected, and said US economic growth has been rising strongly and the job market has continued to strengthen.
The dollar index, which measures the greenback against a basket of six currencies, was a shade higher on Thursday compared to the previous day to trade at 94.700, well off a 3-1/2-week low of 94.084 hit last week.
Global financial markets remained focused on the US-driven international trade war, with US administration officials saying on Wednesday that President Donald Trump is proposing a higher 25 percent tariff on $200 billion worth of Chinese imports.
The dollar was trading against the Indian rupee at Rs 68.400, the greenback was at 4.070 in terms of the Malaysian ringgit and the US currency was available at 6.818 in relation to the Chinese yuan.
Inter bank buy/sell rates for the taka against the dollar on Thursday: 83.75-83.75 (Previous 83.75-83.75).
In the final Asian trade, the dollar firmed against a basket of currencies on Friday and hit a more than 14-month high against the yuan, with markets gripped by worries over escalating trade tensions between the United States and China.
China vowed on Thursday to retaliate if the US acted on a threat to raise tariffs on the Asian nation's exports, after US President Donald Trump instructed his trade officials to look at increasing tariffs to 25 percent from 10 percent on $200 billion in Chinese imports into the United States.
But, as the United States imports far more from China, than China does from the United States, investors see a trade war causing greater pain for the Chinese economy.
"The Chinese markets are generally weak. That's why renminbi's weakness is leading the dollar's strength," he said. China's offshore yuan, which has been under pressure for months due to worries over the trade rift, weakened to 6.8975 per dollar, its lowest since May 15, 2017, before steadying slightly to last trade at 6.8888.
The dollar was trading against the Indian rupee at Rs 68.698, the greenback was at 4.078 in terms of the Malaysian ringgit and the US currency was available at 6.871 in relation to the Chinese yuan.
In the final US trade, the US dollar was steady against a basket of peers on Friday after data showed US job growth slowed more than expected in July, but tightening labour market conditions supported investors' expectations for two more interest rate hikes this year from the Federal Reserve.
The dollar index, which measures the greenback against a basket of six other major currencies, was about flat on the day at 95.148, after dipping as low as 94.98. The index was up 0.5 percent for the week.
On Wednesday, the Fed kept rates unchanged but characterized the economy as strong, keeping the US central bank on track to increase borrowing costs in September and December.