Business News

Pakistan Rupee

Rupee gains 15 paisas on lower import payment demand

KARACHI: The Pak Rupee gained 15 paisas against the dollar on Wednesday owing to lower demand for import payment.

The rupee ended Rs153.18 to the dollar from previous day’s closing of Rs153.33 in the interbank foreign exchange market.

Currency dealers said that importers were cautious in placing orders for foreign purchases due to rising cases of coronavirus.

They further said that the inflows of export receipts, workers’ remittances and improved foreign exchange reserves also helped the rupee to make gain.