KARACHI: The greenback closed flat against the rupee in the interbank and appreciated in open market on demand by importers and corporate sector, said treasurers.
The greenback closed at Rs 105.30 for buying and Rs 105.50 for selling with no change in interbank transaction.
The rupee is likely to remain under pressure now because of the rising demand by the corporate sector for its payments. Hajj pilgrims’ expenses are added factor in this regard. Banks are trying to meet their demand, which helps rupee from bigger fall in value. The euro closed at Rs 123.68 for buying and Rs 123.88 for selling, gaining 79 paisas.
The pound sterling closed at Rs 137.80 for buying and Rs 138 for selling. It increased by 79 paisas.
Kerb market: The rupee ended slightly lower in the open currency market, said foreign exchange dealers.
The US dollar closed at Rs 107.35 for buying and Rs 107.55 for selling, rising five paisas from previous session’s level. Earlier in the day it was trading at Rs 107.34 for buying and Rs 107.53 for selling.
The pound sterling closed at Rs 139.70 for buying and Rs 139.90 for selling, with 70 paisas increase from previous session’s level. It was trading at Rs 139 for buying and Rs 139.89 for selling.
The euro closed at Rs 124.35 for buying and Rs 124.55 for selling. It gained 50 paisas.
Published in Daily Times, July 28th 2017.
On May 1st, on the occasion of International Labor Day, a heartfelt message was issued…
Gold prices extended their decline in Pakistan for the third straight session on Tuesday, in…
The Rupee on Tuesday gained 08 paisa against the US dollar in the interbank trading…
Pakistan earned US $614.947 million by providing different transport services in various countries during the…
The Board of Directors of Habib Bank Limited, one of the country’s largest commercial banks,…
The State Bank of Pakistan will be closed on May 1, tomorrow, due to a…
Leave a Comment