KARACHI: The Pak Rupee continued to make recovery and gained 18 paisas against dollar on Monday owing to inflows under home remittances for Eid related expenses.
The rupee ended Rs158.94 to the dollar as compared with Rs159.12 in interbank foreign exchange market.
The rupee started recovery against the dollar during the last week and continued on the start of current week. The rupee has gained around Rs1.59 to the dollar during the past six consecutive sessions.
The foreign currency market was initiated in the range of Rs159.10 and Rs159.15. The market recorded day high o Rs159.10 and low of Rs158.94 and closed at Rs158.95.
The exchange rate in open market also witnessed recovery in rupee value. The buying and selling of dollar was recorded at Rs157.80/Rs158.80 from last Friday’s closing of Rs158.40/Rs159.40 in cash ready market.