Daily Times

KARACHI: The greenback closed unchanged versus domestic unit on back of insignificant demand from corporate sector in interbank market. Commercial banks released dollar according to demands of buyers while keeping eye on inflow and outflow of foreign currency.

The dollar closed at Rs 121.45 for buying and Rs 121.65 for selling. The dollar traded at a low of Rs 121.44. The dollar rate differential between kerb and interbank markets remained Rs 1.80 on average.

Dull demand by the corporate sector and meager payments for import bills kept dollar even. Commercial banks were maintaining rupee to avoid its fall versus dollar.

The euro remained flat in the interbank market to close at Rs 141.05 for buying and Rs 141.25 for selling. The pound sterling remained firm at Rs 160.76 and Rs 160.96 for buying and selling respectively. It gained 20 paisas.

Kerb Market: The dollar remained minus in value in the open market following dull demand from corporate and private sector in interbank. The dollar closed at Rs 123.50 for buying and Rs 123.70 for selling in the open market against rupee. It lost 40 paisas. The demand and supply of dollar in the open market remained moderate.

The pound sterling closed down at Rs 162 for buying and Rs 162.20 for selling after 25 paisas change against rupee, while euro remained down by 10 paisas and closed at Rs 142 for buying and at Rs 142.20 for selling.

Published in Daily Times, June 24^th 2018.