Rupee ends flat amid inflows

KARACHI: The Pak Rupee ended flat against dollar on Tuesday despite inflows of remittances and export receipts.

The rupee ended Rs156.36 to the dollar from previous day’s closing of Rs156.37 in interbank foreign exchange market.

Currency dealers said that the foreign inflows appreciated the rupee value during the day. However, the higher demand offset the gains in the rupee value.

The foreign currency market was opened in the range of Rs156.20 and Rs156.30. The market recorded day high of Rs156.40 and low of Rs156.28 and closed at Rs156.36.

The exchange rate in open market was remained unchanged. The buying and selling of dollar was recorded at Rs156.00/Rs156.50, the same previous day’s level, in cash ready market.

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