Pakistan Rupee

Rupee gains 18 paisas against dollar

Money & Banking

KARACHI: The Pak Rupee appreciated by 18 paisas against the dollar on Friday ahead of budget announcement and hope of incentives to foreign trade.

The rupee closed at Rs155.74 to the dollar from the last day’s closing of Rs155.92 in the interbank foreign exchange market.

Currency experts said that market had anticipated incentives in the budget announcement, which is being presented today.

They hoped that the rupee may make further gains in coming days owing to record inflows of workers’ remittances and rising foreign exchange reserves.

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