KARACHI: The US currency edged higher in value versus rupee in interbank and open market, treasurers said.
The greenback remained firm at Rs 119.90 for buying and closed at Rs 120.10 for selling in interbank. It gained 05 paisas. It was traded at a day high of Rs 119.91 and a low of Rs 119.89.
A treasurer at a local bank said the oil payments remained the major factor for rupee’s dull trend.
The euro remained firm to close at Rs 141.42 for buying and Rs 141.62 for selling with a gain of 56 paisas. The pound sterling stood firm to close at Rs 160.27 and Rs 160.47 for buying and selling respectively. It gained 19 paisas.
Kerb Market: The dollar remained firm in value owing to improved demand by private sector buyers.
The dollar closed at Rs 122 for buying and Rs 122.20 for selling. It gained Rs 2. It was trading a day low at 121.99 in the open market.
The demand of dollar in the open currency market from the corporate and private sector buyers has now become firm, thus putting some pressure on rupee.
The pound sterling closed at Rs 162 for buying and Rs 162.20 for selling, it gained Rs 1.20 versus rupee. The euro closed at Rs 141.70 for buying and Rs 141.90 for selling. It gained 70 paisas in the open market.
Published in Daily Times, June 15th 2018.
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