The rupee gave up firmness against the dollar due to higher demand for the US currency, dealers said on the money market on Thursday. The rupee shed six paisa versus the dollar for buying at 97.74 and national currency also fell by five paisa for selling at 97.76, they said.
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee drifted lower in relation to the dollar for buying and selling at 99.50 and 99.70, they said. While, the rupee shed 60 paisa in terms of the euro for buying and selling at Rs 134.20 and Rs 135.20, they said.
In the fourth Asian trade, the euro held near a 14-month peak against the dollar and a 2-1/2 year high versus the yen on Thursday, supported by expectations for central banks in the United States and Japan to keep an aggressive easing stance.
The US Federal Reserve underscored that view by leaving in place its monthly $85 billion bond-buying stimulus plan on Wednesday, arguing the support was needed to lower unemployment. The dollar was trading against the Indian rupee at Rs 53.27, the US currency was available at 3.1090 in terms of the Malaysian ringgit and greenback at 6.219 versus the Chinese yuan. Interbank buy/sell rates for the taka against the dollar on Thursday. 79.20-79.21 (79.20-79.22). Call Money Rates: 08.25-08.50 percent (previous 06.25-08.50 percent).
