Rupee gains 17 paisas on improved inflows

KARACHI: The Pak Rupee gained 17 paisas against the dollar on Thursday owing to inflows of export receipts and workers’ remittances, dealers said.

The rupee ended Rs160.18 to the dollar from previous day’s closing of Rs160.35 in the interbank foreign exchange market.

The dealers said that the market witnessed sufficient supply of the greenback during the day, which helped the rupee to gain value.

The dealers said that the sentiments were remained positive due to significant improvement in export receipts during first six months of the current fiscal year.

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