Rupee ends unchanged in lackluster trading

Rupee ends unchanged in lackluster trading

KARACHI: The Pak Rupee ended unchanged against dollar on Friday owing to lackluster trading activities, dealers said.

The rupee ended at Rs154.90, the same previous day’s closing, in interbank foreign exchange market.

The currency dealers said that due to political uncertainty and expected appreciation of rupee value after approval of second tranche by IMF, the importers were cautious in opening letter of credit.

The foreign currency market was initiated in the range of Rs154.90 and Rs154.90. The market recorded day high of Rs154.92 and low of Rs154.89 and closed at Rs154.90.

The exchange rate in open market witnessed decline in rupee value. The buying and selling of the dollar was recorded at Rs154.50/Rs154.90 as compared with last day’s closing of Rs154.40/Rs154.70 in cash ready market.

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