Interbank market ends with rupee appreciation

KARACHI: The interbank foreign exchange market ended with 7 paisas gain in rupee value against dollar on Wednesday due to lower demand from importers.

 

 

The rupee ended Rs138.58 to the dollar from previous day’s close of Rs138.65 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs138.60 and Rs138.65.

The market recorded day high of Rs138.65 and low of Rs138.57 and closed at Rs138.58.

The exchange rate in open market also followed the interbank rates.

The local currency ended with gain of 10 paisas as buying and selling of dollar was recorded at Rs138.20/Rs138.70 from previous day’s closing of Rs138.30 and Rs138.80 in cash free market.

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