Daily Times

KARACHI: The greenback closed flat in value against the domestic currency in interbank and improved value in open market, treasurers said.

Due to insignificant demand for import bills and dull demand from corporate sector, greenback closed without any change in value in interbank.

The dollar closed at Rs 104.75 for buying and Rs 104.95 for selling. During past one week dollar either stood flat or depressed in value against the domestic unit. The dollar traded at a low of Rs 104.69. The dollar’s rate differential between kerb and interbank markets stood at Rs 1.21 on day’s average. Treasurers said due to comparatively lesser-than-usual demand from the corporate sector, which coupled with central bank’s intervention helped the domestic unit to stay firm.

The euro remained down by 11 paisas in the interbank market to close at Rs 116.89 for buying and Rs 117.11 for selling. The pound sterling up by 27 paisas to close at Rs 133 and Rs 133.20 for buying and selling respectively.

Kerb Market: The dollar gained some strength against the rupee in the open market after remaining unmoved in the interbank market, foreign exchange dealers said.

The US dollar closed at Rs 106.10 for buying and Rs 106.30 for selling. It gained 05 paisas in the open market against the rupee.

Published in Daily Times, June 24th, 2017.