Rupee gains 23 paisas on improved inflows

KARACHI: The Pak Rupee appreciated 23 paisas against dollar on Monday owing to improved inflows of remittances and export receipts.

The rupee ended Rs156.63 to the dollar from previous last Friday’s closing of Rs156.86 in interbank foreign exchange market.

Currency experts said that the rupee value was improved on inflows of remittances and export receipts.

The foreign currency market was initiated in the range between Rs156.40 and Rs156.55. The market recorded day high of Rs156.70 and low of Rs156.45 in interbank foreign exchange market.

The exchange rate in open market also witnessed 30 paisas appreciation in value of the local currency.

The buying and selling of dollar was recorded at Rs156.20/Rs156.70 from last Friday’s closing of Rs156.50/Rs157.00 in cash ready market.

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