Dollar depreciates to Rs156.72

Dollar depreciates to Rs156.72

KARACHI: The US Dollar fell 28 paisas against Pak Rupee on Tuesday owing to supply of foreign currency during the day, dealers said.

The exchange rate closed at Rs156.72 to the dollar from previous day’s closing of Rs157.00 in the interbank foreign exchange market.

Currency dealers said that despite demand of the foreign currency during the day the rupee recovered. They said that the marketed witnessed sufficient supply of the foreign currency.

They said that the sentiments were remained positive due to improved inflows of export receipts and workers’ remittances during first eight months of the current fiscal year.