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Pakistan Rupee

Rupee gains 33 paisas against dollar

KARACHI: The Pak Rupee gained 33 paisas against the dollar on Wednesday owing to improved external position.

The rupee ended Rs 152.76 to the dollar from previous day’s closing of 153.09 in the interbank foreign exchange market.

Currency experts said that the improved external position after the inflows of around $498 million under IMF loan program further helped the foreign exchange market.

In the early trade the dollar recorded a fall and traded at Rs152.25 in the interbank foreign exchange market.

Currency experts said that alarming rise in coronavirus cases had discouraged the demand of the foreign currency for import payment.