Rupee gains 12 paisas on sufficient dollar supply

KARACHI: The Pak Rupee gained 12 paisas against dollar on Thursday owing to sufficient supply of the greenback in the market.

The rupee ended Rs154.66 to the dollar from previous day’s closing of Rs154.78 in interbank foreign exchange market.

Currency dealers said that the market witnessed sufficient supply of dollar during the day. The inflows helped the rupee to gain the value against the foreign currency.

The foreign currency market was initiated in the range of Rs154.76 and Rs154.79. The market recorded day high of Rs154.77 and low of Rs154.66 and closed at Rs154.66.

The exchange rate in open market also witnessed appreciation in local currency.

The buying and selling of the dollar was recorded at Rs154.60/Rs154.90 from previous day’s closing of Rs154.70/Rs155.00 in cash ready market.

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