Rupee ends with another gain against dollar

KARACHI: The Pak Rupee gained another 29 paisas against dollar on Friday owing to positive sentiments prevailed in currency market.

The rupee ended Rs138.53 to the dollar as compared with previous day’s close of Rs138.82 in interbank foreign exchange market.

Currency dealers said that good-will gesture shown by Pakistan for releasing captured Indian pilot for normalization the situation resulted in prevalence of positive sentiments in the market.

The rupee also made a sharp recovery of 44 paisas against dollar a day earlier.

The exchange rate went up to Rs139.26 to the dollar after Indian aggression on February 27.

However, during the past two days, the local unit made significant recovery.

The interbank foreign exchange market was initiated in the range of Rs138.65 and Rs138.75.

The market recorded a high of Rs138.65 and low of Rs138.50 and closed at Rs138.53.

The exchange rate was unchaged in open market.

The buying and selling of dollar was recorded at Rs138.70/Rs139.20, same previous day’s level, in cash ready market.

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