Daily Times

KARACHI: The greenback closed flat in value versus rupee on insignificant demand from corporate sector in interbank while gained value in open market.

The commercial banks kept maintaining local currency in firm zone besides they controlled inflow and outflow of greenback.

The dollar closed at Rs 115.50 for buying and Rs 115.70 for selling with no change against the rupee. The dollar traded at a low of Rs 115.49. The dollar rate differential between kerb and interbank markets remained Rs 1.90 on day’s average.

Demand from the importers and corporate sector was normal that kept dollar away from major surge while meager payment from national exchequer stopped dollar to further rise.

The euro remained flat in the interbank market to close at Rs 135.30 for buying and Rs 135.50 for selling. The pound sterling remained dull by 69 paisas and closed at Rs 153.77 and Rs 153.97 for buying and selling respectively.

Kerb Market:

The dollar remained firm in value in the open market following flat demand from corporate and private sector in interbank.

The dollar closed at Rs 118.52 for buying and Rs 118.72 for selling in the open market against rupee. It rose by 02 paisas.

The pound sterling closed at Rs 158.10 for buying and Rs 158.30 for selling after remaining 90 paisas dull against rupee, while euro remained depressed by 50 paisas and closed at Rs 138.50 for buying and closed at Rs 138.70 for selling.

Published in Daily Times, May 29^th 2018.