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February 9, 2018

Rupee unchanged

Business

February 9, 2018

The rupee traded firm against the dollar in the interbank foreign exchange market on Thursday, dealers said. The rupee closed at 110.54 against the greenback as compared to the previous closing of 110.55.

The domestic currency remained stable supported by smooth dollar supplies to meet importers demand.

In the kerb market, the rupee managed to gain strength, as it was traded at 111.60/111.90 against the dollar. The rupee was at 111.90/112.20 against the greenback on Wednesday.

The total liquid foreign exchange reserves dropped to $19.182 billion during the week ended February 2 as compared to $19.354 billion in the previous week, according the central bank data. The forex reserves of the State Bank of Pakistan stood at $13.060 billion against $13.234 billion during the week under review.

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