Rupee makes significant gains against dollar

KARACHI: The rupee made significant gain of 17 paisas against dollar on Wednesday after sufficient inflows of remittances and export receipts.

The rupee ended 141.12 to the dollar from Monday’s closing of Rs141.29 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.28 and Rs141.35.

The market recorded day high of Rs141.30 and low of Rs141.10 and closed at Rs141.12.

Currency expert said that the sufficient inflows in shape of remittances and export receipts helped the rupee to gain value.

The exchange rate in the open market was remained unchanged.

The buying and selling of dollar was recorded at Rs141.20/141.70 same previous day’s level in cash ready market.

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