Greenback remains flat in value versus domestic unit

Author: Staff Report

KARACHI: The greenback closed even in value against the domestic unit in interbank on back of dull demand from import and corporate sector.

The flatness in value of dollar against domestic unit can be attributed to dull bills on value-added imports by export-oriented sectors.

Due to insignificant demand for import bills and dull demand from corporate sector, greenback closed at Rs 110.30 for buying and Rs 110.50 for selling. The dollar traded at a low of Rs 110.29. The dollar’s rate differential between kerb and interbank markets stood at Rs 1.15 on day’s average.

The euro remained down in the interbank market and closed at Rs 135.34 for buying and Rs 135.54 for selling with 40 paisas decline. The pound sterling remained flat to close at Rs 153.63 and Rs 153.83 for buying and selling respectively.

Kerb Market: The dollar remained firm against the rupee in the open market after remaining flat in the interbank market.

The US dollar closed at Rs 111.50 for buying and Rs 111.70 for selling after 05 paisas change. Demand remained normal.

The demand and supply of dollar in the open market was normal but demand from general buyers remained dull.

The pound sterling closed flat at Rs 154.50 for buying and at Rs 154.70 for selling while euro closed at Rs 136.25 for buying and Rs 136.45 for selling. It remained dull by 15 paisas.

Published in Daily Times, March 20th 2018.

Share
Leave a Comment

Recent Posts

  • Pakistan

Onic & Careem sign MoU to forge strategic alliance

Islamabad, March 28, 2024: Onic, the new digital telco brand in Pakistan and Careem, the…

6 hours ago
  • Pakistan

Charting the AI Revolution: Pakistan’s Vision for Technological Sovereignty and Economic Growth

In the intricate tapestry of Pakistan’s journey towards technological and economic renaissance, the insights of…

9 hours ago
  • Sindh

Sindh: Senate elections, final list of candidates released

Sindh: Senate elections, final list of candidates released The Election Commission of Sindh has released…

9 hours ago
  • Top Stories

The Federal Cabinet approved the inclusion of 24 names in the ECL

The Federal Cabinet approved the inclusion of 24 names in the ECL The federal cabinet…

9 hours ago
  • Pakistan

ISPR Condemns Terrorist Attacks in Pakistan, Vows Joint Action with China Against Terrorism

The recent incidents of terrorism in Pakistan, notably in Gwadar, Turbat, and Besham, are dastardly…

9 hours ago
  • Business

Pakistan Stock Exchange: Index hits new high of 67,208

Pakistan Stock Exchange: Index hits new high of 67,208 The Pakistan Stock Exchange 100 index…

11 hours ago