Rupee gains 10 paisas on improved inflows

Rupee gains 10 paisas on improved inflows

KARACHI: The Pak Rupee maintained gain against dollar and appreciated by 10 paisas on Monday owing to improved economic indicators.

The rupee ended Rs154.97 to the dollar from last Friday’s closing of Rs155.07 in interbank foreign exchange market.

The currency experts said that the rupee continued gain and reached to below Rs155 to the dollar after six months. They said that export receipts and inflows of home remittances remained helped the rupee to make gain.

The foreign currency market was initiated in the range of Rs154.95 and Rs155.05. The market recorded day high of Rs155.02 and low at Rs154.95 and closed at Rs154.97.

The exchange rate in open market also witnessed appreciation of the rupee. The buying and selling of dollar Rs154.60/Rs154.90 as compared closing of last Friday’s Rs154.80/Rs155.10.

Leave a Reply

You have to agree to the comment policy.