Rupee continues gain in early trade

Rupee continues gain in early trade

KARACHI: The Pak Rupee continued its gain against dollar in early trading on Wednesday and strengthened by 11 paisas.

The dollar is being traded at Rs138.54 in interbank foreign exchange market.

The interbank foreign exchange market ended at Rs138.65 to the dollar a day earlier.

Currency experts said that inflows of $2 billion from Saudi Arabia and UAE for financial assistance helped the Pak Rupee to recover against greenback.

They said that measures taken by the government to discourage import of luxury and non-essential items also discouraged the demand for the US dollar.

The local unit gained 24 paisas against the foreign currency so far in the current week.

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