KARACHI: The Pak Rupee gained two paisas against dollar on Wednesday owing to lower demand for import payments and contraction in current account deficit.
The rupee ended 158.58 to the dollar from previous day’s closing of Rs158.60 in interbank foreign exchange market.
Currency experts said that contraction in current account deficit and lower demand for import payment help the rupee to maintain levels.
The foreign currency market was initiated in the range of Rs158.73 and Rs158.78. The market recorded day high of Rs158.76 and low of Rs158.57 and closed at Rs158.58.
The exchange rates in open market were remained stable, The buying and selling of dollar was recorded at Rs158.50/Rs159.00, the same previous day’s closing level, in cash ready market.