Rupee gains four paisas against dollar in early trade

KARACHI: The Pak Rupee gained 4 paisas against dollar in early trade on Monday owing to narrowing trade deficit during first nine months in the current fiscal year.

The dollar is being traded at Rs141.35 to the dollar in interbank foreign exchange market. The foreign current market was ended at Rs141.39 to the dollar on last Friday.

The trade deficit was narrowed by 8 percent during July – March 2018/2019 to $23.67 billion as compared with the deficit of $27.21 billion in the corresponding period of the last fiscal year.

The trade deficit significantly shrank by 21 percent in March 2019 to $2.17 billion as compared with $3.02 billion in the same month of the last year.

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