Daily Times

KARACHI: The greenback closed higher in value versus the domestic unit in the interbank and shed value in open market transaction on dull demand by corporate and private sector. The greenback closed at Rs 110.30 for buying and Rs 110.50 for selling in interbank transaction, gaining 10 paisas. The measures taken by commercial banks to keep the rupee from any big fall remained intact but immediate demand from importers and corporate sector put the domestic unit under some pressure. Banks are trying to meet their demand, which helps the rupee from a bigger fall in value. The euro closed at Rs 134.36 for buying and Rs 134.56 for selling, losing 74 paisas. The pound sterling closed at Rs 152.29 for buying and Rs 152.49 for selling. It closed up by 34 paisas. Kerb market: The dollar closed depressed in the open currency market. It closed at Rs 111.95 for buying and Rs 112.15 for selling. It lost 30 paisas. Earlier in the day it was trading at Rs 111.96 for buying and Rs 112.14 for selling. The pound sterling closed at Rs 153.25 for buying and Rs 153.45 for selling with 05 paisas upward change from previous session’s level. The euro closed at Rs 136 for buying and Rs 136.20 for selling. It remained down by 25 paisas.

Published in Daily Times, January 19^th 2018.