Rupee ends unchanged

Rupee ends unchanged

KARACHI: The Pak Rupee ended unchanged against dollar on Tuesday owing to lackluster demand for import payments, dealers said.

The rupee ended Rs154.57 to the dollar, the same previous day’s level, in interbank foreign exchange market.

The dealers said that importers were cautious in buying dollar due to decline in international oil prices and outbreak of coronavirus in China.

The foreign currency market was initiated in the range of Rs154.58 and Rs154.60. The market recorded day high of Rs154.59 and low of Rs154.54 and closed at Rs154.57.

The exchange rate in open market witnessed gain in rupee value. The buying and selling of dollar was recorded at Rs154.50/Rs154.80 from last day’s closing of Rs154.60/Rs154.90 in cash ready market.