Daily Times

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

The flatness in value of dollar against domestic unit can be attributed for dull bills on value-added imports by export-oriented sectors, treasurers said.

Dollar closed dull in value in open market, treasurers and currency dealers added.

Due to insignificant demand for import bills and dull demand from corporate sector, greenback closed flat in value in interbank.

The dollar closed at Rs 125.30 for buying and Rs 125.50 for selling. The dollar traded at a low of Rs 125.29. The dollar’s rate differential between kerb and interbank markets stood at Rs 2.34 on day’s average.

Treasurers said due to comparatively less-than-usual demand from the corporate sector, which coupled with influx of forex, domestic unit stayed firm.

The euro remained dull in the interbank market to close at Rs 149.58 for buying and Rs 149.78 for selling with 42 paisas decline. The pound sterling remained depressed to close at Rs 167.73 and Rs 167.93 for buying and selling respectively.

Kerb Market: The dollar remained firm against the rupee in the open market after remaining flat in the interbank market, foreign exchange dealers said.

The US dollar closed at Rs 128.50 for buying and Rs 128.70 for selling after 50 paisas increase. Demand from private sector buyers remained firm in open market.

The pound sterling closed firm at Rs 165 for buying and at Rs 165.20 for selling against the rupee with 50 paisas uoward change while euro closed at Rs 147.50 for buying and Rs 147.70 for selling. It remained up by 50 paisas.

Published in Daily Times, July 20^th 2018.