Rupee closes with 11 paisas gain

Rupee closes with 11 paisas gain

KARACHI: The Pak Rupee appreciated by 11 paisas against dollar on Monday owing to improved economic indicators.

The rupee ended Rs154.92 to the dollar from last Friday’s closing of Rs155.03 in interbank foreign exchange market.

Currency dealers said that the improved foreign exchange reserves and narrowing current account deficit improved the rupee value.

The foreign currency market was opened in the range of Rs154.85 and Rs154.90. The market recorded day high of Rs155.00 and low of Rs154.90 and closed at Rs154.92.

The exchange rate in open market witnessed slight change in rupee value. The buying and selling of dollar was recorded at Rs154.70/Rs155.00 from last Friday’s closing of Rs154.60/Rs155.00 in cash ready market.

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