Rupee gains five paisas on inflows

KARACHI: The Pak Rupee made gain five paisas against dollar on Friday owing to inflows of export and remittances.

The rupee ended Rs154.57 to the dollar from previous day’s closing of Rs154.62 in interbank foreign exchange market.

Currency dealers said that the market witnessed supply of dollars during the day which helped the rupee to make gain.

The foreign currency market was initiated in the range of Rs154.65 and Rs154.68. The market recorded day high of Rs154.65 and low of Rs154.56 and closed at Rs154.57.

The exchange rate in open market witnessed stable rupee value. The buying and selling of dollar was recorded at Rs154.60/Rs154.90, the same previous day’s closing, in cash ready market.

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