The rupee managed to hold its overnight levels against the dollar on Tuesday, amid less dollar buying from importers, currency dealers said.
In the interbank market, the rupee closed at 110.54 to the dollar, unchanged from the previous closing levels.
“The currency pair remained stable in the wake of slow dollar demand from importers,” a dealer said. “(The) lack of interest from buyers also contributed to the currency stability in the interbank market,” he added.
The rupee moved in the range of 110.52/110.62 during the session. The domestic unit witnessed a slight variation due to persistent increase in the demand for the greenback.
In the kerb market, the rupee traded at 112.10/112.45 against the dollar as compared to the previous levels of 112/112.40. The rupee also traded in a range-bound manner in the open market, as people bought foreign exchange to meet their requirements, a forex dealer said.
Sheikh argued that the government should have maintained stable petroleum prices
MARI has successfully drilled and tested the third appraisal well in the Ghazij formation in the Mari D&PL
Gold rates decreased by $17 to $2,395 per ounce in the international market
Company's revenue saw a 13.9% year-on-year increase, reaching Rs49.2 billion, up from Rs43.19 billion in the same...
A man counts US dollars in a money exchange shop in Dhaka. — AFP/FileLAHORE: The first thing that the government...
Power generation stood at 8,741 gigawatt-hours or 11,749 megawatts in March