Rupee gains 70 paisas against dollar

KARACHI: The Pak Rupee gained 70 paisas against dollar on Thursday owing to inflows of export receipts and workers’ remittances, dealers said.

The rupee ended Rs165.00 to the dollar from previous day’s closing of Rs165.70 in interbank foreign exchange market.

Currency dealers said that the inflows of export receipts and workers’ remittances had supported the rupee to make gain.

On the other hand, the demand for the greenback was eased after the quarter end (July – September), which also supported the rupee.

The currency experts said that the rupee may strengthen further in coming days owing to positive economic indicators.

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