Dollar closes flat versus rupee

The greenback ended flat in the interbank market on dry demand by corporate sector besides slow inflows and insignificant selling.The greenback ended even to close at Rs 103.90 for buying and Rs 103.90 for selling with no change. The difference of the dollar rates between the interbank and kerb markets stood to 10 paisas. State Bank of Pakistan preferred not to interferer in the open market and put suffice amount of dollars to commercial banks. The euro depreciated by 31 paisas to close at Rs 117.60 for buying and Rs 117.83 for selling. The pound sterling down by 16 paisas to close at Rs 160.31 and Rs 160.62 for buying and selling, respectively.

Kerb Market: The dollar closed at Rs 104.35 for buying and Rs 104.60 for selling. It remained down by 15 paisas in the open market.The influx of greenback in the open currency market would likely to increase in coming days on hajj demand. On the other hand foreign remittances would grow on Eid by sending money from Pakistani workers, this would put stability to rupee, said foreign exchange dealers. They said rupee would be getting stronger due to this factor.

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