Rupee gains four paisas against dollar on export receipts

KARACHI: The Pak Rupee maintained its gain against dollar on Thursday and further appreciated by four paisas in interbank foreign exchange market.

The rupee ended Rs155.55 to the dollar from previous day’s closing of Rs155.59 in interbank foreign exchange market.

Currency experts said that the lower demand for import payments and inflows of export receipts and remittances helped the rupee to appreciate.

The foreign currency market was initiated in the range between Rs155.60 and Rs155.55. The market recorded day high of Rs155.65 and low of Rs155.55 in interbank foreign exchange market.

The rupee gained 10 paisas against dollar so far this week started November 04, 2019.

The exchange rate in open market witnessed stable value of the rupee. The buying and selling of dollar was recorded at Rs155.30/Rs155.60, the same previous day’s closing level, in cash ready market.

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