July 25, 2002	Thursday	Jamadi-ul-Awwal 14,1423

KARACHI, July 24: The US dollar lost eight paisa in the inter-bank market on Wednesday to close at Rs59.50/Rs59.52 for ready buying and selling against the previous close of Rs59.58/Rs59.60.

But in the open currency market it gained 20 paisa to close at Rs59.40/Rs59.60 for spot buying and selling against the previous close of Rs59.30/Rs59.40.

Bankers said the dollar fell on increased supply amidst low demand. They said the SBP did not intervene in the market to defend the dollar for the exporters.

Money changers said the dollar went up as the demand for the dollar improved slightly in the wake of its firmness against major world currencies a day earlier.