Daily Times

KARACHI: The greenback closed unchanged in value versus the domestic unit in the interbank and open market transaction on dull demand by the corporate and private sector. The greenback closed unchanged at Rs 110.20 for buying and Rs 110.40 for selling in interbank transaction. The measures taken by the commercial banks so far to keep the rupee from any big fall remained positive but domestic unit may come under some pressure in the coming days on the rising demand by the corporate and import sector for its payments. Banks are trying to meet their demand, which helps rupee from bigger fall in value. The euro closed at Rs 131.65 for buying and Rs 131.85 for selling, gaining 05 paisas. The pound sterling closed at Rs 148.78 for buying and Rs 148.98 for selling. It closed dull by 36 paisas. Kerb market: The dollar closed even in the open currency market. It closed at Rs 112 for buying and Rs 112.20 for selling. Earlier in the day it was trading at Rs 112.01 for buying and Rs 112.21 for selling. The pound sterling closed at Rs 150 for buying and Rs 150.20 for selling without any change from previous session’s level. The euro closed at Rs 132.20 for buying and Rs 132.40 for selling. It remained down by 20 paisas.

Published in Daily Times, January 12^th 2017.