Dollar trades senior on kerb as sellers grip

KARACHI: Sellers left from the coins market on Thursday and the dollar inched up by 10 to 20 paisa, heads of replace companies. Some of them claimed this was a reaction to President Donald Trump’s recent account on Pakistan.“The dollar was in surplus on the first day following the threat from the United States. We deposited additional $3 million in the interbank market,” said Malik Bostan, President of the Forex organization of Pakistan. However, no surplus was available on Thursday to dump in banks. Exchange companies have to deposit 10 per cent of remittances as well as spare dollars in banks. Currency dealers were anxious over the harsh tone adopted by the collective States, even though the market remains largely calm with a slight change in the swap over rate.

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