KARACHI: The Pak Rupee gained 10 paisas against dollar on Tuesday owing to improved inflows of export receipts and workers remittances.
The rupee ended Rs157.26 to the dollar from previous day’s closing of Rs157.36 in interbank foreign exchange market.
Currency experts said that the inflows from export receipts and worker remittances kept the market sentiments high. They also said that the demand for import payment was also low due to higher duty and tax regime.
The foreign currency market was initiated in the range of Rs157.30 and Rs157.35. The market recorded day high of Rs157.45 and low of Rs157.24 and closed at Rs157.26.
The exchange rate in open market also witnessed appreciation in the rupee value. The buying and selling of dollar was recorded at Rs157.00/Rs157.50 from previous day’s closing of Rs157.10/Rs157.60 in cash ready market.
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