Rupee gains 18 paisas in interbank market

KARACHI: The Pak Rupee gained 18 paisas against dollar on Thursday owing to improved inflows of foreign remittances and export receipts.

The rupee closed at Rs159.42 to the dollar from previous day’s closing of Rs159.60 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs159.60 and Rs159.68. The market recorded day high of Rs159.60 and low of Rs159.35 and closed at Rs159.42.

The exchange rate in open market also witnessed gain in the rupee value. The buying and selling of dollar was recorded at Rs158.60/Rs159.60 from previous day’s closing of Rs159.00/Rs160.00 in cash ready market.

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