The dollar closes flat against rupee

KARACHI: The dollar closed flat in the interbank market against rupee, as demand was dull, treasurers said. The dollar remained even to close at Rs 104.20 for buying and Rs 104.40 for selling with no increase compared to previous closing. The gap of the greenback rates between the interbank and kerb markets remained 60 paisas on day’s average. Commercial banks made payments for imports, while forex inflow remained between $7.1 million to $9 million, bankers said. They said State Bank of Pakistan did not make any intervention in the market, as there was more liquidity in the banks. The central bank kept providing dollars to commercial banks for their customers’ payments for supporting the rupee from falling against the greenback. The domestic currency remained firm against the dollar after dull demand for different payments. The euro gained 20 in the interbank to close at Rs 113.23 for buying and Rs 113.45 for selling. And the pound sterling remained flat to close at Rs 155.44 and Rs 155.71 for buying and selling respectively. Kerb Market: The dollar closed firm in the open currency market on demand. The greenback closed at Rs 106.30 for buying and Rs 106.55 for selling in the open market. It gained 05 paisas. The pound sterling closed dull at Rs 158.50 for buying and Rs 159.10 for selling, it shed 10 paisas against the rupee while the euro closed at Rs 115.60 for buying and Rs 116 for selling, after a gain of 05 paisas.


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