KARACHI: The greenback rose against the rupee in the interbank and open market because demand by importers and corporate sector had increased, said treasurers.
The greenback closed at Rs 104.48 for buying and Rs 104.68 for selling, gaining three paisas.
The rupee is likely to remain under pressure now because of the rising demand by the corporate sector for its payments.
Banks are failing to meet their demand, which puts the rupee under pressure.
The euro closed at Rs 114.21 for buying and Rs 114.41 for selling, losing 31 paisas. The pound sterling closed at Rs 135.30 for buying and Rs 135.50 for selling. It increased by 6 paisas.
Kerb market: The rupee ended slightly lower in the open currency market, said foreign exchange dealers.
The US dollar closed at Rs 105.64 for buying and Rs 105.74 for selling, rising our paisas from previous session’s level.
Earlier in the day it was trading at Rs 105.62 for buying and Rs 105.73 for selling. The pound sterling closed at Rs 136 for buying and Rs 136.20 for selling, with no change from previous session’s level. It was trading at Rs 136.01 for buying and Rs 136.19 for selling.
