Rupee ends unchanged amid inflows

Rupee ends unchanged amid inflows

KARACHI: The Pak Rupee ended unchanged against dollar on Wednesday amid supply of the foreign currency in shape of exports and remittances, dealers said.

The rupee ended at Rs154.95 to the dollar, the same previous day’s closing level, in interbank foreign exchange market.

The dealers said that the rupee appreciated during the day due to inflows of export receipts and remittances. However, the demand from importers and corporate side offset the gain in rupee value.

The foreign currency market was initiated in the range Rs154.87 and Rs154.92. The market recorded day high of Rs154.95 and low of Rs154.90 and closed at Rs154.95.

The exchange rate in open market witnessed no change in rupee value. The buying and selling of dollar recorded at Rs154.40/Rs154.70, the same previous day’s closing, in cash ready market.

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