Greenback stands lower in value versus domestic unit

Author: Staff Report

The greenback closed dull in value against the rupee in the interbank while gained value in open market dealing, treasurers and currency dealers said. It started the day’s trading at Rs 124.15 for buying, with 25 paisas variation in value closed at Rs 123.90 for buying and Rs 124.10 for selling in interbank. The euro stood dull in value against rupee as it started day’s trading at Rs 145.24 for buying, closed at Rs 144.82 for buying and closed at Rs 145.02 for selling after 46 paisas downward variation. The pound sterling remained down against domestic unit as it initiated the day’s trading at Rs 162.62 for buying and closed at Rs 162.37 for buying and Rs 162.57 for selling after shedding 25 paisas.

Open market: The dollar remained firm against the rupee, dealers said. It started the day’s trading at Rs 120 for buying and closed at Rs 121 for buying after Re 1 upward correction in value and stood at Rs 121.20 for selling. The euro remained plus versus the rupee as it started the day’s trading at Rs 131 for buying, with Rs 2 change in value it closed at Rs 133 for buying and at Rs 133.20 for selling. The pound sterling remained firm against the rupee as it started the day’s trading at Rs 147 for buying, closed in upper bracket with Rs 3 change for buying and closed at Rs 150.20 for selling.

Published in Daily Times, August 2nd 2018.

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