KARACHI: The US currency appreciated by 5 paisas against the domestic unit in interbank due to outflow in the form of importers’ payments and a moderate supply of remittances and export proceeds.
The dollar, which was trading at Rs 105.30 in the interbank market during first half of trading closed at Rs 105.35 for buying and at Rs 105.55 for selling.
To provide strength to rupee, the central bank tried hard and made repeated interventions through different banks.
The euro closed at Rs 121.81 for buying and Rs 122.01 for selling, gaining 70 paisas.
The pound sterling closed at Rs 137.06 for buying and Rs 137.26 for selling. It remained stand flat.
Kerb market: The dollar closed firm in the open currency market, said foreign exchange dealers.
The US dollar closed at Rs 107.20 for buying and Rs 107.40 for selling, gaining 20 paisas from previous session’s level. Earlier in the day it was trading at Rs 107.18 for buying and Rs 107.39 for selling.
The pound sterling closed flat at Rs 138.75 for buying and Rs 138.95 for selling, with 50 paisas upward change from previous session’s level. It was trading at Rs 138.74 for buying and Rs 138.96 for selling.
The euro closed at Rs 123.20 for buying and Rs 123.40 for selling. It gained 45 paisas on demand.
Published in Daily Times, July 25th , 2017.
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