KARACHI: The Pak Rupee ended flat against dollar on Monday despite demand for import and corporate payments, dealers said.
The rupee closed at Rs154.91 to the dollar from last Friday’s closing of Rs154.90 in interbank foreign exchange market.
The currency dealers said that the due to first trading day after two weekly holidays the local currency was under pressure. In the first half of trading day the demand for the greenback was high. However, inflows of export receipts and workers’ remittances helped the rupee to stable against the foreign currency.
The exchange rate in open market witnessed depreciation in rupee value. The buying and selling of the dollar was recorded at Rs154.70/Rs155.00 from last Friday’s closing of Rs154.40/Rs154.70 in cash ready market.
