Rupee ends firmer against US dollar

KARACHI: The Pak Rupee ended firmer against US dollar on Thursday despite demand for import and corporate payments.
The rupee ended Rs138.24 to the dollar in interbank foreign exchange market as compared with last day closing of Rs138.23.
The interbank foreign exchange market was initiated in the range of Rs138.24 and Rs138.28.
The market recorded day high of Rs138.27 and low of Rs138.23 and closed at Rs138.24.
The exchange rate in open market however ended stable.
The buying and selling of dollar was recorded at Rs137.80/Rs138.30 in cash free market.
Pakistan has suffered challenging fiscal situation over the period of last one year.
According to the finance ministry revaluation losses due to appreciation of international currencies against US Dollar and depreciation of Pak Rupee against US Dollar increased the total public debt by around Rs 1.2 trillion.
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