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 123.90 for buying and Rs 124.10 for selling. The dollar traded at a low of Rs 123.89. The dollar’s rate differential between kerb and interbank markets stood at Rs 1.35 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 143.67 for selling with 80 paisas decline. The pound sterling remained depressed by 87 paisas to close at Rs 161.53 and Rs 161.73 for buying and selling respectively.

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

The US dollar closed at Rs 122 for buying and Rs 122.20 for selling after 15 paisas decline. Demand from private sector buyers remained dull in open market.

The pound sterling closed flat at Rs 153 for buying and at Rs 153.20 for selling against the rupee while euro closed at Rs 136 for buying and Rs 136.20 for selling. It remained down by Rs 2.

Published in Daily Times, August 4^th 2018.