Rupee gains 14 paisas on improved sentiments

KARACHI: The rupee gained 14 paisas against dollar on Thursday owing to improved economic sentiments.

The rupee ended Rs156.18 to the dollar from previous day’s closing of Rs156.32 in interbank foreign exchange market.

Currency dealers said that the successful visit of the prime minister to China helped confidence building in the market. Besides, inflows of export receipts also helped the local currency to appreciate.

The foreign currency market initiated in the range of Rs156.21 and Rs156.24. The market recorded day high of Rs156.28 and low Rs156.17.

The exchange rate in open market also witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs155.90/Rs156.40 from previous day’s closing of Rs156.00/Rs156.50 in cash ready market.

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