Daily Times

The greenback closed flat in value versus rupee on insignificant demand from corporate sector in interbank and shed value in kerb market, treasurers and currency dealers said.

The commercial banks kept maintaining local currency in firm zone besides they controlled inflow and outflow of greenback.

The dollar closed at Rs 128.40 for buying and Rs 128.60 for selling with no change against the rupee. The dollar traded at a low of Rs 128.39. The dollar rate differential between kerb and interbank markets remained Re 1 on day’s average.

Demand from the importers and corporate sector was normal that kept dollar away from major surge while meager payment from national exchequer stopped dollar to further rise.

The euro remained dull in the interbank market to close at Rs 150.14 for buying and Rs 150.34 for selling. The pound sterling remained depressed by 64 paisas and closed at Rs 168.08 and Rs 168.28 for buying and selling respectively.

Kerb Market: The dollar remained dull in value in the open market following flat demand from corporate and private sector in interbank. The dollar closed at Rs 129.50 for buying and Rs 129.70 for selling in the open market against rupee. It shed Re 1.

The pound sterling closed at Rs 166 for buying and Rs 166.20 for selling after remaining depressed by Rs 2 against rupee, while euro remained dull by Rs 2 and closed at Rs 148 for buying and closed at Rs 148.20 for selling.

Published in Daily Times, July 25^th 2018.