Rupee gains five paisas on dollar inflows

Rupee gains five paisas on dollar inflows

KARACHI: The Pak Rupee gained five paisas against dollar on Wednesday owing to inflows of remittances and export receipts.

The rupee ended Rs155.40 to the dollar from previous day’s closing of Rs155.45 in interbank foreign exchange market.

Currency dealers said that inflows of workers’ remittances and export receipts helped the rupee to gain value.

The foreign currency market was initiated in the range between Rs155.47 and Rs155.40 and closed at Rs155.40.

The exchange rate in open market witnessed stable rupee value.

The buying and selling of dollar was recorded at Rs155.20/Rs155.50, the same previous day’s closing, in cash ready market.

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