The dollar traded at 58.4250 taka and 58.4350 taka per unit today, compared to its previous closing between 58.4150 taka and 58.4250 taka per unit on Monday, dealers of some leading commercial banks said.

The demand for the greenback was strong in the local market when the US unit was enjoying a period of calm in the wake of intervention by Japanese authorities to curb yen's strength through the New York Federal Reserve on Tuesday, dealers on online trading said.

"In early trade, the demand for the US dollar was strong that fell in late trade when it dropped slightly in line with early European trading, dealer of a private commercial bank said.

Dealers said some banks were under pressure for dollar funds following fall in their remittance earnings. Such banks had to buy dollar even though it was under pressure against majors.

"Some banks faced lower inflow of remittances during the last two months. But they were under pressure for import payments through dollars," dealers said.

Most other dealers, however, were very cautious in buying yen today after the remours of Japanese intervention.