Rupee gains another 44 paisas against dollar

KARACHI: The Pak Rupee gained another 44 paisas against dollar on Wednesday amid hope of successful IMF loan program.

The rupee ended at Rs157.62 to the dollar from previous day’s close of Rs158.06 in interbank foreign exchange market.

The rupee witnessed record low at Rs164.05 to the dollar on June 27. However, since then the local unit recovered Rs6.43 against the greenback on expected positive outcome of IMF board meeting on Pakistan loan program scheduled for today.

The foreign currency market was initiated in the range of Rs158.25 and Rs158.75. The market recorded day high of Rs158.25 and low of Rs157.25 in interbank foreign exchange market.

The exchange rate in open market was remained unchanged.

The buying and selling of dollar was recorded at Rs156.50 / Rs157.50 the same previous day’s closing in cash ready market.

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