Daily Times

The US currency edged higher in value versus rupee in interbank and open market, treasurers and currency dealers said.

The greenback remained firm at Rs 138.15 for buying and closed at Rs 138.35 for selling in interbank. It gained 35 paisas. It was traded at a day high of Rs 138.36 and a low of Rs 136.14.

A treasurer at a local bank said the oil payments remained the major factor for rupee’s dull trend.

The euro remained firm to close at Rs 156.81 for buying and Rs 157.01 for selling with a gain of 63 paisas. The pound sterling stood firm to close at Rs 175.87 and Rs 176.07 for buying and selling respectively. It gained 81 paisas.

Kerb Market: The dollar remained firm in value owing to significant demand by private sector buyers.

The dollar closed at Rs 138.70 for buying and Rs 138.90 for selling. It gained 70 paisas.

The demand of dollar in the open currency market from corporate and private sector buyers has now become firm, thus putting value of domestic unit in pressure.

The pound sterling closed at Rs 175 for buying and Rs 175.20 for selling, it gained Re 1 versus rupee. The euro closed at Rs 155.50 for buying and Rs 155.70 for selling. It remained firm by 25 paisas in open market.

Published in Daily Times, December 7^th 2018.