Rupee gains 19 paisas against dollar

Rupee gains 19 paisas against dollar

KARACHI: The Pak Rupee gained 19 paisas against the dollar on Monday owing to lower demand for import payment, dealers said.

The rupee ended Rs164.32 to the dollar from previous closing on October 02, 2020 at Rs164.51 in the interbank foreign exchange market.

The dealers said that positive sentiments prevailed in the currency market due to sufficient inflows of workers remittances and export receipts.

They said that the decline in import bill for the month of September 2020 and on quarterly basis also discouraged the demand for the greenback.