Rupee ends flat against dollar

Rupee ends flat against dollar

KARACHI: The Pak Rupee ended flat against dollar on Thursday after making recovery during intraday trading.

The rupee ended Rs167.36 to the dollar, same previous day’s level, in interbank foreign exchange market.

Currency experts said that the local unit made recovery against dollar in early trade however demand for import and corporate payment forced the rupee to end flat.

A day earlier the State Bank of Pakistan (SBP) received $1 billion from Asian Development Bank (ADB) and World Bank.

Further, the current account deficit narrowed by 75 percent during the first eleven months of the current fiscal year.