Rupee gains 10 paisas against dollar

Rupee gains 10 paisas against dollar

KARACHI: The Pak Rupee gained 10 paisas against dollar on Friday following ease in demand for scheduled repayment for foreign loans.

The rupee ended Rs141.30 to the dollar from previous day’s close of Rs141.40 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.35 and Rs141.40. The market recorded day high of Rs141.35 and low of Rs141.20 and closed at Rs141.30.

A day earlier the State Bank of Pakistan (SBP) in a meeting with representatives of Forex Association of Pakistan (FAP) had assured that repayment pressure against foreign loans was eased and rupee value would increased in coming days.

In the open market the exchange rates were remained stable.

The buying and selling of dollar was recorded at Rs142.50/Rs143.00, the same previous day’s level, in cash ready market.

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