June 03, 2008	Tuesday	Jamadi-ul-Awwal 28, 1429

KARACHI, June 2: The rupee eased on Monday due to high dollar demand from importers but dealers said it should stabilise on expectations of fresh inflows of foreign currency in the short term.

Dealers said the rupee ended at 67.10/20 to the dollar compared with Saturday’s close of 66.30/45.“There was pressure today due to some import payments but the rupee should strengthen in coming days,” said a currency dealer.

In the money market, overnight call rates eased to 11.25 per cent, compared with 11.90 per cent on Saturday.

Dealers said inflows from maturing government securities of Rs60 billion were scheduled for June 5 against a Treasury bill auction target of Rs65 billion.—Reuters