Rupee gains 14 paisas on supply of foreign currency

Rupee gains 14 paisas on supply of foreign currency

KARACHI: The Pak Rupee gained 14 paisas against the dollar on Monday owing to improved inflows of workers’ remittances and export receipts.

The rupee ended Rs157.00 to the dollar against last Friday’s closing of Rs157.14 in the interbank foreign exchange market.

Currency dealers said that despite demand of the foreign currency during the day the rupee recovered. They said that the marketed witnessed sufficient supply of the foreign currency.

They said that the sentiments were remained positive due to improved inflows of export receipts and workers’ remittances during first eight months of the current fiscal year.

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