Rupee gains 13 paisas against dollar

KARACHI: The Pak Rupee gained 13 paisas against dollar on Thursday owing to improved inflows of export receipts and workers remittances, dealers said.

The rupee ended Rs156.18 to the dollar from previous day’s closing of Rs156.31 in interbank foreign exchange market.

Currency experts said that the inflows had helped the rupee to gain value against the greenback. They said that the rupee was remained stabled during the day due to inflows of export reciepts and workers remittances .

The foreign currency market initiated in the range of Rs156.15 and Rs156.25. The market recorded day high of Rs156.28 and low of Rs156.18 and closed at Rs156.18.

The exchange rate in open market also witnessed appreciation in local currency value. The buying and selling of the dollar was recorded at Rs156.00/Rs156.50 from previous day’s closing of Rs156.20/Rs156.70 in cash ready market.

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