The greenback closed flat against the rupee in interbank and appreciated in open market on demand by importers and corporate sector, said treasurers.
The greenback closed at Rs 133.50 for buying and Rs 133.70 for selling with no change in interbank transaction.
The rupee is likely to remain under pressure now because of rising demand by 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 for buying and Rs 153.20 for selling without any change in value.
The pound sterling closed at Rs 173.74 for buying and Rs 173.94 for selling. It remained flat in value.
Kerb market: The rupee ended slightly higher in the open currency market, said foreign exchange dealers.
The US dollar closed at Rs 133.85 for buying and Rs 134.05 for selling, rising 05 paisa from previous session’s level. Earlier in the day it was trading at Rs 133.83 for buying and Rs 134.04 for selling.
The pound sterling closed at Rs 173.25 for buying and Rs 173.45 for selling, with 25 paisas increase from previous session’s level.
The euro closed at Rs 152.25 for buying and Rs 152.45 for selling. It gained 25 paisas in kerb.
Published in Daily Times, October 21st 2018.
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