Greenback stands firm in value versus domestic unit

Author: Staff Report

dollarThe greenback closed firm in value versus rupee in the interbank and in open market on demand by importers and corporate sector.

The greenback closed at Rs 133.50 for buying and Rs 133.70 for selling with a gain of 20 paisas in interbank.

The domestic unit is likely to remain under some pressure in couple of coming weeks because of demand from private sector buyers while banks are maintaining to meet their demand, which would likely keep rupee in firm zone.

The euro closed at Rs 150.56 for buying and Rs 150.76 for selling, closed dull by 81 paisas in value against domestic unit.

The pound sterling closed at Rs 172.49 for buying and Rs 172.69 for selling. It remained dull by 49 paisas versus rupee.

Kerb market: The dollar closed firm in the open currency market. The US dollar closed firm by 10 paisas to stay at Rs 133.80 for buying and Rs 134 for selling, from previous session’s level. Earlier in the day it was trading at Rs 133.70 for buying and Rs 133.98 for selling.

The pound sterling closed at Rs 172.50 for buying and Rs 172.70 for selling, it stood dull by 75 paisas.

The euro closed at Rs 150.50 for buying and Rs 150.70 for selling. It remained depressed by 25 paisas on dull demand.

Published in Daily Times, November 14th 2018.

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