Daily Times

The domestic unit remained firm in value against greenback in interbank due to a modest intervention by State Bank and dull demand of greenback from corporate sector and exporters.

The greenback gained strength versus rupee in open market on improved demand by corporate and private sector.

The dollar closed at Rs 121.40 for buying and Rs 121.60 for selling. The dollar traded at a low of Rs 121.39. The dollar differential in kerb and interbank market was Rs 2.70.

There was a comparatively lesser-than-usual demand from the corporate sector, which coupled with central bank’s intervention kept rupee firm.

The euro remained flat in the interbank market to close at Rs 141.33 for buying and Rs 141.53 for selling. The pound sterling also stood flat in value to close at Rs 159.13 and Rs 159.23 for buying and selling respectively.

Kerb Market: The dollar remained firm against the rupee in the open market.

The US dollar closed at Rs 124.70 for buying and Rs 124.90 for selling. It gained 65 paisas in the open market against the rupee.

The demand and supply of dollar in the open market was normal and demand mostly came from people going abroad.

The pound sterling closed at Rs 163.25 for buying and Rs 163.45 for selling, it remained up by 35 paisas against the rupee while euro closed at Rs 143.70 for buying and Rs 143.90 for selling. It gained 35 paisas in the kerb.

Published in Daily Times, July 4^th 2018.