Rupee gains six paisas on inflows

KARACHI: The Pak Rupee gained six paisas against dollar on Wednesday owing to inflows of workers’ remittances and exports receipts, dealers said.

The rupee ended Rs155.59 to the dollar from previous day’s closing of Rs155.64 in interbank foreign exchange market.

Currency experts said that the local unit gained values on back of remittances and export receipts. They said that the demand for import and corporate payments was remained lackluster.

The foreign currency market was initiated in the range of Rs155.63 and Rs155.65. The market recorded day high of Rs155.65 and low of Rs155.59.

The exchange rate in open market witnessed no change in rupee value. The buying and selling of dollar was recorded at Rs155.30/Rs155.60, the same previous day’s level, in cash ready market.

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