Rupee gains 10 paisas in interbank

KARACHI: The Pak Rupee has gained 10 paisas against dollar on Thursday in interbank foreign exchange market owing to inflows of remittances and export receipts.

The rupee ended Rs141.29 to the dollar from previous day’s close of Rs141.39 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.37 and 141.39.

The market recorded day high of Rs141.3850 and low of Rs141.27 and closed at Rs141.29.

Currency experts said that the inflows of remittances and export receipts helped the rupee to make gain. However, they said that Pakistan and IMF talks on new loan program could pressure the local currency.

The exchange rate in open market was remained unchanged.

The buying and selling of dollar was recorded at Rs141.70/Rs142.20, the same previous day level, in cash ready market.

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