KARACHI: The Pak Rupee ended firmer against US dollar in cash ready market on Saturday. The buying and selling of dollar was recorded at Rs138.70/Rs139.20, the same previous day’s level, in open market.

The rupee made significant recovery in the interbank market during the outgoing week.

The Pak Rupee gained 29 paisas against dollar on Friday owing to positive sentiments prevailed in currency market.

The rupee ended Rs138.53 to the dollar as compared with previous day’s close of Rs138.82 in interbank foreign exchange market.

Currency dealers said that good-will gesture shown by Pakistan for releasing captured Indian pilot for normalization the situation resulted in prevalence of positive sentiments in the market.

The rupee also made a sharp recovery of 44 paisas against dollar on Thursday.

The exchange rate went up to Rs139.26 to the dollar after Indian aggression on February 27.

However, during the past two days, the local unit made significant recovery.

Currency dealers expected the rupee to remain sensitive to developments in regional relations, market sentiment and foreign currency demand. They said improved confidence could support the local currency, while any increase in import payments or external pressures could affect the exchange rate. Market participants continued to monitor developments closely.