The rupee closed steady on Thursday in a lethargic trade owing to flat dollar demand from importers, currency dealers said. The rupee ended at 110.54 per dollar, unchanged from Wednesday’s close in the interbank market.
“It was a very dull day. The rupee remained range-bound and traded in the tight band of 110.53/110.55,” said a dealer.
“We expect the domestic currency to remain stable and conclude this weekend by trading at 110.50/55,” he added.
In the open market, the rupee stayed firmer due to improved dollar supplies. It traded at 111.90/112.30 for buying and selling against the dollar. The rupee hovered at 111.80/112.30 in the previous session.
“Rupee saw a little variation in the kerb market as the demand and supply of the greenback remained in balance,” said another dealer.
Pakistani police deployed in front of the building of Pakistan Telecommunication Company Limited , the largest...
A representational image of gold bangles. — AFP/FileKARACHI: Gold prices increased by Rs4,600 per tola on Friday in...
This image shows workers installing a solar panel in Jiuquan, Gansu province. — ReutersNEW DELHI: Lakshmi Narayan...
An employee working at a textile factory in Pakistan's port city of Karachi, on April 7, 2011. — AFPLAHORE: One of...
Representative image of a person using a laptop. — AFP/FileLAHORE: Pakistan's digital infrastructure faced a surge...
A currency exchange agent counts US Dollars at his company in Iraq's southern city of Basra, on December 8, 2023. —...