Rupee ends flat against dollar

Rupee ends flat against dollar

KARACHI: The Pak Rupee ended flat against dollar on Monday amid demand for import and corporate payments.

The rupee ended Rs154.21 to the dollar from last Friday’s closing of Rs154.20 in interbank foreign exchange market.

Analysts said that improved indicators of lower import bill and shrinking current account deficit helped the positive sentiments n the market.

They said that the rupee witnessed depreciation early in the day due to higher demand for the dollar as the market opened after two days weekly holiday.

The exchange rate in open market remained unchanged. The buying and selling of the dollar was recorded at Rs154.10/Rs154.40, the same closing level of last Friday, in cash ready market.

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