Rupee ends firmer in interbank

KARACHI: The Pak Rupee ended firmer against dollar on Monday owing to lackluster demand after significant decline in trade deficit and current account deficit of the country.

The rupee ended at Rs156.08 to the dollar from last Friday’s closing of Rs156.07 in interbank foreign exchange market.

Currency dealers said that the rupee had maintained levels after sharp decline in import bill and current account deficit during the first quarter of the current fiscal year.

The foreign currency was initiated in the range of Rs156.10 and Rs156.20. The market recorded day high of Rs156.00 and low of Rs156.00 and closed at Rs156.08.

The exchange rate in open market however witnessed increase in rupee value. The buying and selling of rupee was recorded at Rs155.70/Rs156.20 from last Friday’s closing of Rs155.80 and low of Rs156.30 in cash ready market.

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