Rupee gains 39 paisas on improved inflows

KARACHI: The Pak Rupee gained 39 paisas against dollar on Tuesday owing to improved inflows of export receipts and home remittances.

The rupee ended Rs160.06 to the dollar as compared with the previous day’s closing of Rs160.45 in interbank foreign exchange market.

Currency experts said that the improved inflows of export receipts and home remittances helped the rupee to recover value against the greenback.

The foreign exchange market was initiated in the range of Rs160.45 and Rs160.55. The market recorded day high of Rs160.59 and low of Rs160.00.

The exchange rate in open market also witnessed improvement in rupee value. The buying and selling of dollar was recorded at Rs159.00/160.00 from previous day’s closing of Rs160.00/Rs160.50 in cash ready market.

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