Rupee ends stable amid lower import payment demand

Rupee ends stable amid lower import payment demand

KARACHI: The Pak Rupee ended stable against dollar on Wednesday amid lackluster trading activities.

The rupee ended Rs155.33 to the dollar from previous day’s closing of Rs155.34 in interbank foreign exchange market.

Currency dealers said that dollar demand was remained lower for import and corporate payments.

The foreign currency market was initiated in the range of Rs155.33 and Rs155.36. The market recorded day high at Rs155.35 and low of Rs155.33 and closed at Rs155.33.

The exchange rate in open market witnessed depreciation in rupee value by 20 paisas against dollar.

The buying and selling of dollar was recorded at Rs155.40/Rs155.70 from previous day’s closing of Rs155.20/Rs155.50 in cash ready market.