Rupee ends unchanged amid high dollar demand

KARACHI: The Pak Rupee ended unchanged against dollar on Tuesday amid high demand for import and corporate payments.

The rupee ended Rs154.85 to the dollar, the same previous day’s closing, in interbank foreign exchange market.

Currency dealers said that the market witnessed higher demand for dollar early in the day. However, the inflows of remittances and export receipts helped the rupee to maintain level.

The foreign currency market was initiated in the range of Rs154.87 and Rs154.92. The market recorded day high of Rs154.87 and low of Rs154.84 and closed at Rs154.85.

The exchange rate in open market also witnessed no change in rupee value. The buying and selling of the dollar was recorded at Rs154.70/Rs155.00, the same previous day’s closing, in cash ready market.

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