Dollar ends flat in value versus domestic unit

Author: Staff Report

The greenback closed flat in value versus domestic unit in interbank and open market, treasurers and currency dealers said.

Corporate demand, imports payments and insignificant demand from corporate sector put dollar flat during trading as it closed at Rs 123.90 for buying and at Rs 124.10 for selling in interbank.

The dollar rate differential between kerb and interbank markets remained Rs 1.35 on day’s average. The euro remained dull in the interbank market by Re 1 to close at Rs 141.42 for buying and at Rs 141.62 for selling. The pound sterling remained firm by 57 paisas and closed at Rs 157.43 and Rs 157.63 for buying and selling respectively.

Kerb Market: The dollar remained even in value against the rupee in the open market after it closed flat in interbank.

The US dollar closed at Rs 122 for buying and Rs 122.20 for selling. The demand and supply of dollar in the open market remained moderate, while demand from private sector’s buyers witnessed no improvement regarding to previous trading.

The pound sterling closed at Rs 155 for buying and Rs 155.20 for selling, it remained flat against the rupee while the euro also closed flat at Rs 137 for buying and Rs 137.20 for selling.

Published in Daily Times, August 16th 2018.

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