Daily Times

KARACHI: The greenback closed even in value versus the domestic unit in the interbank and gained value in open market transaction on demand by corporate and private sector.

The greenback closed at Rs 110.35 for buying and Rs 110.55 for selling in interbank transaction. The measures taken by commercial banks to keep rupee from any big fall remained intact but immediate demand from importers and corporate sector put domestic unit under some pressure. Banks are trying to meet their demand, which helps rupee from bigger fall in value. The euro closed at Rs 135.27 for buying and Rs 135.47 for selling, gaining 31 paisas. The pound sterling closed at Rs 153.59 for buying and Rs 153.79 for selling. It closed up by 40 paisas.

Kerb market: The dollar closed firm in the open currency market. It closed at Rs 112.15 for buying and Rs 112.35 for selling. It gained 05 paisas. Earlier in the day it was trading at Rs 112.34 for buying and Rs 112.34 for selling. The pound sterling closed at Rs 153 for buying and Rs 153.20 for selling with 25 paisas upward change from previous session’s level. The euro closed at Rs 136.80 for buying and Rs 137 for selling. It remained up by 30 paisas.

Published in Daily Times, January 24^th 2018.