Rupee gains for fourth consecutive day on improved inflows

KARACHI: The Pak Rupee made gain against dollar for the fourth consecutive day on Friday owing to improved inflows.

The rupee ended Rs155.07 to the dollar from previous day’s closing of Rs155.10 in interbank foreign exchange market.

Currency experts said that the sentiments in the market were remained positive owing to news of inflows of 190 million UK Pounds and more expected from National Crime Agency of the UK.

The foreign currency market was initiated in the range of Rs155.02 and Rs155.17. The market recorded day high of Rs155.08 and low of Rs155.06 and closed at Rs155.07.

The rupee maintained a continuous gain after falling to Rs155.34 on December 02, 2019.

The exchange rate in open market witnessed unchanged value in rupee. The buying and selling of dollar was recorded at Rs154.80/Rs155.10, the same previous day’s closing, in cash ready market.

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