Rupee gains 13 paisas on inflows

Rupee gains 13 paisas on inflows

KARACHI: The Pak Rupee gained 13 paisas against dollar owing to inflows of export receipts and remittances, dealers said on Monday.

The rupee ended Rs156.41 to the dollar from last Friday’s closing of Rs156.54 in interbank foreign exchange market.

The currency dealers said that the market opened with pressure on the local currency. However, inflows in the shape of export receipts and remittances eased the pressure and the market closed with appreciation of the rupee against the greenback.

The foreign currency market was opened in the range of Rs156.55 and Rs156.65. The market recorded day high of Rs156.60 and low of Rs156.40 and closed at Rs156.41.

The exchange rate in open market witnessed depreciation in rupee value. The buying and selling of dollar was recorded at Rs156.40/Rs156.90 as compared with last Friday’s closing of Rs156.20/Rs156.70 in cash ready market.

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