Daily Times

The US currency edged higher in value versus rupee in interbank while closed depressed in open market, treasurers and currency dealers said.

The greenback remained firm at Rs 125.50 for buying and closed at Rs 125.70 for selling in interbank. It gained 50 paisas. It was traded at a day high of Rs 126 and a low of Rs 125.49. 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 150 for buying and Rs 150.20 for selling with a gain of Rs 2.08. The pound sterling stood firm to close at Rs 167.46 and Rs 167.66 for buying and selling respectively. It gained Rs 2.78.

Kerb Market: The dollar remained dull in value owing to insignificant demand by private sector buyers. The dollar closed at Rs 128 for buying and Rs 128.20 for selling. It shed 50 paisas. It was trading a day low in early trading at 127.19 in the open market.

The demand of dollar in the open currency market from the corporate and private sector buyers has now become dull, thus putting value of domestic unit in comfort zone.

The pound sterling closed at Rs 164.50 for buying and Rs 164.70 for selling, it lost Rs 2 versus rupee. The euro closed at Rs 147 for buying and Rs 147.20 for selling. It remained flat in open market.

Published in Daily Times, July 19^th 2018.