The greenback closed flat against the rupee in the interbank and appreciated in open market on demand by importers and corporate sector, said treasurers.
The greenback closed at Rs 132.80 for buying and Rs 133 for selling with no change in interbank transaction.
The rupee is likely to remain under pressure now because of the rising demand by the corporate sector for its payments. Banks are trying to meet their demand, which helps rupee from bigger fall in value.
The euro closed at Rs 153.26 for buying and Rs 153.46 for selling with Re 1 increase in value..
The pound sterling closed at Rs 136.88 for buying and Rs 137.08 for selling. It remained flat versus rupee.
Kerb market: The rupee ended lower in the open currency market, said foreign exchange dealers.
The US dollar closed at Rs 133 for buying and Rs 133.20 for selling, rising e 1 from previous session’s level. Earlier in the day it was trading at Rs 132.98 for buying and Rs 133.19 for selling.
The pound sterling closed at Rs 172.50 for buying and Rs 172.70 for selling, with 50 paisas increase from previous session’s level. The euro closed at Rs 152 for buying and Rs 152.20 for selling. It stood firm by Re 1 in value versus rupee.
Published in Daily Times, October 17th 2018.
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