Dollar closes flat versus rupee

Author: Staff Report

KARACHI: The greenback remained flat against the rupee in the interbank market on dull demand by importers, said treasurers.

The greenback closed at Rs 104.50 for buying and Rs 104.70 for selling, they added.

The rupee is likely to remain firm because of the insignificant demand by the corporate sector for its import payments. Banks are capable to meet their demand, which keeps the rupee’s value firm.

The euro closed at Rs 112.50 for buying and Rs 112.70 for selling, gaining 50 paisas.

The pound sterling closed at Rs 133.67 for buying and Rs 133.87 for selling. It decreased by 08 paisas.

Kerb market: The rupee ended higher in the open currency market, said foreign exchange dealers.

The US dollar closed at Rs 105.95 for buying and Rs 106.15 for selling, shedding 12 paisas from previous session’s level.

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