Rupee gains 20 paisas against dollar

Rupee gains 20 paisas against dollar

KARACHI: The Pak Rupee (PKR) gained of 20 paisas against the dollar on Tuesday. The rupee ended Rs168.52 to the dollar from previous day’s closing of Rs168.72 in the interbank foreign exchange market.

Currency experts said that the market witnessed inflows of exports receipts and workers’ remittances during the day.

They said that the external payment pressure had kept the higher demand for the greenback. The experts said that due to quarter ending dollar demand for external payment of import and corporate payments remained high.

The country has posted a current account deficit and trade deficit during the first two months of the current fiscal year, which also put pressure on dollar demand.

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