Rupee gains 7 paisas on improved inflows

Rupee gains 7 paisas on improved inflows

KARACHI: The Pak Rupee gained 7 paisas against dollar owing to improved inflows of remittances and export receipts.

The rupee ended Rs157.22 to the dollar from previous day’s closing of Rs157.29 in interbank foreign exchange market.

Currency experts said that the improved inflows of worker remittances and export receipts helped the local currency to make gains against the greenback.

The foreign currency market was initiated in the range between Rs157.25 and Rs157.35. The market recorded day high of Rs157.39 and low of Rs157.20 and ended at Rs157.22.

The exchange rate in open market also witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs157.00/Rs157.50 from the previous day’s closing of Rs157.10/Rs157.60.

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