Rupee ends unchanged amid higher dollar demand

Rupee ends unchanged amid higher dollar demand

KARACHI: The Pak Rupee ended unchanged against dollar on Monday despite higher demand for import and corporate payments.

The rupee ended Rs155.65 to the dollar, the same closing level on last Friday, in Interbank Foreign Exchange Market.

Currency dealers said that the market was initiated with higher demand for the dollar due to two weekly holidays. However, later the rupee recovered to the previous level.

The foreign currency market was initiated in the range of Rs155.65 and Rs155.75. The market recorded day high of Rs155.67 and low of Rs155.65 and closed at Rs155.65.

The exchange rate in open market witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs155.45/Rs155.65 from last Friday’s closing of Rs155.50/Rs155.80 in cash ready market.

Related Posts

Rupee likely to maintain gaining momentum in next week