Rupee gains 49 paisas against dollar on inflows of export receipts, remittances

Rupee gains 49 paisas against dollar on inflows of export receipts, remittances

KARACHI: The Pak Rupee gained 49 paisas against dollar on Friday owing to improved inflows of workers’ remittances, dealers said.

The rupee ended Rs164.51 to the dollar from previous day’s closing of Rs165.00 in interbank foreign exchange market.

Currency experts said that during the day the market had witnessed supply from banks in the shape of export receipts and workers’ remittances.

They said that during the week the positive sentiments and improved inflows helped the local units to make gain.

The local currency gained around Rs1.28 against the dollar during the week. The experts said that the rupee had support from inflows besides surplus current account and reduction in trade deficit.

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