Rupee gains 40 paisas on improved inflows

KARACHI: The Pak Rupee gained 40 paisas against dollar on Wednesday owing to inflows of export receipts and remittances.

The rupee ended Rs156.23 to the dollar from previous day’s closing of Rs156.63 in interbank foreign exchange market.

Currency experts said that inflows of workers remittances and export receipts helped the local currency to gain values.

The foreign currency market was initiated in the range of Rs156.50 and Rs156.60. The market recorded day high of Rs156.64 and low of Rs156.23 and closed at Rs156.23.

The exchange rate in open market also witnessed appreciation in rupee value.

The buying and selling of dollar was recorded at Rs156.10/Rs156.60 from previous day’s closing of Rs156.20/Rs156.70 in interbank foreign exchange market.

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