Rupee ends firmer amid inflows

KARACHI: The Pak Rupee ended firmer against the dollar on Tuesday amid inflows of foreign currency into the interbank market.

The rupee ended Rs155.64 to the dollar from previous day’s closing of Rs155.65 in interbank foreign exchange market.

Currency dealers said that the market witnessed sufficient supply of dollar into the market. However, demand for import and corporate payments were also higher.

The foreign currency market was opened in the range of Rs155.60 and Rs155.65. The market recorded day high of Rs155.65 and low of Rs155.55 and closed and Rs155.64.

The exchange rate in open market however witnessed appreciation in value of the local unit.

The buying and selling of dollar was recorded at Rs155.30/Rs155.60 from previous day’s closing of Rs155.45/Rs155.65 in cash ready market.

Leave a Reply

You have to agree to the comment policy.