Rupee gains nine paisas in early day trading

KARACHI: The Pak Ruee gained nine paisas against dollar in early trade on Friday owing to sufficient inflows in the market.

The exchange rate was witnessed at Rs155.24 to the dollar in early trade. The last day’s closed was recorded at Rs155.33 to the dollar in interbank foreign exchange market.

Currency dealers said that the resolution of political strife and court dispute about extension of army chief tenure improved the sentiments in the market.

Besides, exports receipts were also flowing into the country due to better earnings in the wake of Christmas.

The dealers said that improved economic conditions and better earning of exports may further help the rupee to gain value against the greenback.

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