Rupee gains another 50 paisas in interbank

Rupee gains another 50 paisas in interbank

KARACHI: The Pak Rupee gained another 50 paisas against US dollar on Friday owing to inflows related to Eid improved the supply.

The rupee ended 147.90 to the dollar from previous day’s closing of Rs148.40 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs147.50 and Rs147.75.

The market recorded day high of Rs148.25 and low of Rs147.25 and closed at Rs147.90.

The exchange rate in open market also witnessed 50 paisas increase in rupee value.

The buying and selling of dollar was recorded at Rs147.50/Rs148.50 from the previous day’s closing of Rs148.00/149.00 in the cash ready market.