Rupee gains 45 paisas against dollar on foreign inflows

KARACHI: The Pak Rupee gained 45 paisas against the dollar on Friday owing to substantial inflows of export receipts and workers’ remittances.

The rupee ended Rs161.37 to the dollar from previous day’s closing of Rs161.82 in interbank foreign exchange market.

Currency experts said that the inflows under export receipts and workers’ remittances helped the rupee to make gain.

The frequent decline in dollar value brings the foreign currency to five-month low. Last time the dollar was seen at Rs161.98 on May 28, 2020.

The local unit gained Rs7.06 since its record low of Rs168.43.

The experts said that the ease in dollar value to help in reducing pressure on debt burden by almost Rs760 billion.

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