Rupee strengthens against dollar

KARACHI: The rupee strengthened against dollar on Tuesday amid high demand for import and corporate payment, dealers said.




The rupee gained five paisas to end Rs138.88 to the dollar as compared with previous day’s close of Rs138.93 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs138.93 and Rs138.95.

The market recorded day high of Rs138.95 and low of Rs138.88 and closed at Rs138.88. The rupee also made gain in open market. Buying and selling of dollar recorded at Rs138.60/Rs139.00 from previous day’s close of Rs138.80/Rs139.20.

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