Rupee gains 10 paisas on improved dollar supply

Rupee gains 10 paisas on improved dollar supply

KARACHI: The Pak Rupee gained 10 paisas against dollar on Thursday owing to improved supply of the foreign currency, dealers said.

The rupee ended Rs154.47 to the dollar from previous day’s closing of Rs154.57 in interbank foreign exchange market.

The currency dealers said that improved supply of the greenback in the shape of export receipts and workers remittances helped the rupee to make gain.

They said that on the other hand importers were reluctant to buy the dollar due to health concerns on import from China due to coronavirus.

The foreign currency was initiated in the range of Rs154.55 and Rs154.57. The market witnessed day high of Rs154.58 and low of Rs154.45 and closed Rs154.47.

The exchange rate in open market witnessed no change in rupee value. The buying and selling of the dollar was recorded at Rs154.50/Rs154.80, the same previous day’s closing level, in cash ready market.

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