Rupee ends flat amid demand for import payments

KARACHI: The rupee ended flat against dollar on Tuesday owing to demand from import and corporate buyers.

The rupee ended Rs154.98 to the dollar from previous day’s closing of Rs154.97 in interbank foreign exchange market.

Currency dealers said that the market witnessed demand from importers and corporate buyers for dollars. However, inflows offset the demand and the rupee depreciated by one paisa.

The foreign currency market was initiated in the range of Rs155.00 and Rs155.04. The market recorded day high of Rs155.00 and low of Rs154.95 and closed at Rs154.98.

The exchange rate in open market witnessed appreciation of rupee by 10 paisas against dollar. The buying and selling of dollar was recorded at Rs154.50/Rs154.80 from previous day’s closing of Rs154.60/Rs154.90 in cash ready market.

Leave a Reply

You have to agree to the comment policy.