close
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!
January 13, 2018

Rupee stable

Business

January 13, 2018

The rupee maintained its overnight levels against the dollar on Friday due to the lack of buying interest from importers, dealers said.

In the interbank market, the rupee settled flat at 110.54 against the dollar, unchanged from Thursday’s close.

There was insignificant demand, while sufficient liquidity was available in the market to meet importers' demand.

Dealers see the rupee to trade at the current levels next week. The country’s foreign exchange reserves fell to $20.020 billion during the week ended January 5 from $20.154 billion a week ago. The central bank’s reserves decreased $124 million to $13.982 billion due to external debt servicing and other official payments. The rupee witnessed some fluctuation against the dollar in the open market. The prices of the domestic currency were quoted at 112/112.25/dollar. It was traded at 111.90/112.30 during the previous trading session. 

Topstory minus plus

Opinion minus plus

Newspost minus plus

Editorial minus plus

National minus plus

World minus plus

Sports minus plus

Business minus plus

Karachi minus plus

Lahore minus plus

Islamabad minus plus

Peshawar minus plus