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March 9, 2018

Rupee flat

Business

March 9, 2018

The rupee held steady for the fourth straight session in the interbank market on Thursday, dealers said. The rupee ended at 110.57 against the dollar, unchanged from the previous level.

Dealers said the currency pair remained stable and traded in the tight range of 110.54/57.

However, investors were concerned about the revelations of the IMF first post-programme monitoring report on Pakistan issued on Wednesday.

In the kerb market, the rupee closed weaker at 111.80/112.10 against the dollar as compared to 111.60/111.90 in the previous session.

The International Monetary Fund saw the upward economic growth trajectory at a risk because of rising twin deficits.

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