Rupee appreciates by 26 paisas on improved dollar supply

Rupee appreciates by 26 paisas on improved dollar supply

KARACHI: The Pak Rupee appreciated by 26 paisas against the dollar on Thursday on improved inflows of export receipts and workers’ remittances.

The rupee ended at Rs160.28 to the dollar from previous day’s closing of Rs160.54 in the interbank foreign exchange market.

Currency dealers said that the market witnessed better supply of the greenback that that helped the local currency to make gain.

The dealers expected the better inflows likely to help the local currency to make further gain in coming days.

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