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.
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