Rupee continues to make gain on improved economic indicators

Rupee continues to make gain on improved economic indicators

KARACHI: The Pak Rupee continued gains against dollar on Wednesday and further appreciated by five paisas on improved economic indicators.

The rupee ended Rs155.14 to the dollar from previous day’s closing of Rs155.19 in interbank foreign exchange market.

Currency experts said that the local unit had maintained the appreciation trend owing to back to back good news on economic front. They said that Moody’s outlook on Pakistan from negative to stable helped the rupee to gain against dollar.

Further, reduction in trade deficit during first five months of current fiscal year also helped the rupee to continue to gain. The rupee yesterday gained 10 paisas against the dollar.

The market today opened in a range between Rs155.14 and Rs155.22. The market recorded day high of Rs155.18 and low of Rs155.13 and closed at Rs155.14.

The exchange rate in open market also witnessed gain in rupee value. The buying and selling of dollar was recorded at Rs155.00/Rs155.20 from previous day’s closing of Rs155.20/Rs155.40 in cash ready market.

Leave a Reply

You have to agree to the comment policy.