Daily Times

The greenback closed on flat note in value versus domestic currency in interbank while appreciated in open market, treasurers and currency dealers said.

The dollar remained unchanged to close at Rs 123.90 for buying and Rs 124.10 for selling in interbank market, bankers said.

The gap of the greenback rates between the interbank and kerb market remained Rs 1.08 on day’s average.

Commercial banks made payments for imports, while forex inflow remained between $5 million to $5.5 million, bankers said. There was sufficient liquidity in the commercial banks.

The domestic unit remained stable against the dollar while greenback’s demand for different payments would likely to increase in coming weeks.

The euro stood dull in the interbank to close at Rs 144.47 for buying and Rs 144.67 for selling. And the pound sterling remained flat to close at Rs 162.37 and Rs 162.57 for buying and selling respectively.

Kerb Market: The dollar closed firm in the open currency market on demand. The greenback closed at Rs 122.50 for buying and Rs 122.70 for selling in the open market. It remained up by 50 paisas.

The pound sterling closed steady in value at Rs 153 for buying and Rs 153.20 for selling with an increase of Rs 3, while the euro closed at Rs 140.50 for buying and Rs 140.70 for selling, after Rs 3 upward change.

Published in Daily Times, August 3^rd 2018.