Rupee gains 19 paisas ahead of long weekend

Rupee gains 19 paisas ahead of long weekend

KARACHI: The Pak Rupee gained 19 paisas against the dollar on Thursday despite the higher demand for dollar ahead of holidays.

The rupee ended Rs159.99 to the dollar from the previous day’s closing of Rs160.18 in the interbank foreign exchange market.

Currency dealers said that the market witnessed sufficient supply of the foreign currency in the shape of export receipts and workers’ remittances.

They said the demand for import and corporate payments was also high because of upcoming three straight holidays.

The government has announced public holiday on Friday February 05, 2021 on account of Kashmir Solidarity Day. It will follow with two weekly holidays, making three straight holidays.

Leave a Reply

You have to agree to the comment policy.