THE RUPEE: dollar very close to Rs 101 mark The dollar is marching toward Rs 101 mark due to rising demand for greenback on the local currency market on Tuesday, dealers said. The rupee lost 42-paisa in relation to the dollar for buying at Rs 100.45 and it also dropped by 45-paisa for selling at Rs 100.50, they said. INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee adopted the same pattern on the open market, losing 50-paisa against the dollar for buying at Rs 100.35 and it also fell by 60-paisa for selling at Rs 100.55, they said. The rupee shed 50-paisa in relation to the euro for buying and selling at Rs 133.50 and Rs 133.75 respectively, they said. In the second Asian trade, the dollar steadied after Mondays gains on upbeat US housing data and a rise in US bond yields, but traders are waiting for hints on Federal Reserve policy intentions before they test major resistance levels. The only mover among major currencies in Asia was the New Zealand dollar, which shed a half percentage point after soft economic data pointed to a pause in the countrys rate hikes. The dollar was at 60.68 versus the Indian rupee, the greenback was available at 3.1518 in terms of the Malaysian ringgit and the US currency was trading at 6.1368 in relation to the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Tuesday: 77.43-77.44 (previous 77.44-77.44). Call Money Rates: 05.50-07.25 percent (previous 05.50-07.25 percent).
Posted on: Wed, 20 Aug 2014 10:49:06 +0000
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