Rupee continues to gain against dollar in early trade

KARACHI: The Pak Rupee maintained its recovery against dollar in early trade on Friday owing to positive sentiments.

The rupee gained 17 paisas to the dollar in the early trade as dollar is being traded at Rs138.65 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 on Thursday.

The rupee ended Rs138.82 to the dollar as compared with last day’s closing of Rs139.25 in interbank foreign exchange market.

The rupee was depreciated massively last day against dollar.

However, yesterday Pakistan shot down two Indian fighter jets in response to Indian violation of Pakistan airspace a day earlier.

Dealers said that the sentiments were positive in foreign currency market as economic indictors showing improvement.

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