Rupee gains 17 paisas in mid-day trade

Rupee gains 17 paisas in mid-day trade

KARACHI: The Pak Rupee gained 17 paisas against US dollar in mid-day trade on improved inflows.

The dollar is being traded at Rs140.10 in interbank foreign exchange market. The foreign currency market ended Rs140.27 in last day trading.

Currency experts said that due to IMF loan program there would be pressure on the local currency in coming days. However, they said that the narrowing trade deficit and shrinking current account deficit could help the local currency to maintain levels.