The Archive · 1937

Merchant Closing Rates Cash July

s Pr 23, 4m/sle 1/2 Gs TT. 20í; 4 m/s. Lo, 299 Fes, TT 737 4m/s—88 Rs T.T. 18%—7 d/s. 1816

BAR suva Ready For' London pence per std. oz; 20, 20 RIY. cenis per oz, troy 44 Bombay Rs. per 100 tolas 5113 Bombay offtake 25 bars. Market uncertain London silver at 20d, declined spot, % forward. It was reported that China banks and India sold and business was small, The market closed steady, After the official fixing the market ruled quiet with buyers at jy under the fixed rate. Sellers were reserved, New York 44% remained unchanged whilst Bombay at 51.13 declined 4 annas.

The local interbank exchange market opened yesterday morning with sellers of sterling 1/2%, U.S. 2947 and Yen 101%. Ready quotations were steady under the control by Government bank's sales. Towards the close forward quotations tendered to weaken slightly.

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