Daily Times

The greenback closed even in value against the domestic unit in interbank on back of dull demand from import and corporate sector.

The flatness in value of dollar against domestic unit can be attributed to meagre 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 121.40 for buying and Rs 121.60 for selling. The dollar’s rate differential between kerb and interbank markets stood at Rs 2 on day’s average. The euro remained dull in the interbank market and closed at Rs 141.61 for buying and Rs 161.81 for selling with 08 paisas decline. The pound sterling remained firm to close at Rs 160.47 and Rs 160.67 for buying and selling respectively. It rose 33 paisas.

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 124.30 for buying and Rs 124.50 for selling after 05 paisas upward change.

The demand and supply of dollar in the open market was normal while demand from general buyers remained firm.

The pound sterling closed positive in value at Rs 163 for buying and at Rs 163.20 for selling with 25 paisas increase while euro closed at Rs 144 for buying and Rs 144.20 for selling. It remained up by 25 paisas.

Published in Daily Times, July 6^th 2018.