Rupee ends with gain against dollar on foreign inflows

KARACHI: The Pak Rupee ended with gain of 11 paisas against dollar on Friday owing to inflows from Saudi Arabia and UAE, dealers said.
The rupee ended Rs138.78 to the dollar from previous day’s close of Rs138.89 in interbank foreign exchange market.
Pakistan received $2 billion from Saudi Arabia and UAE under financial assistance to boost the foreign exchange reserves of the country.
The interbank foreign exchange market was initiated in the range of Rs138.90 and Rs138.93.
The market recorded day high of Rs138.90 and low of Rs138.76 and closed at Rs138.78.
In open market the exchange rate also eased. The buying and selling of dollar recorded at Rs138.70/Rs139.20 from previous day’s close of Rs138.80/Rs139.30 in cash free market.
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