Rupee gains four paisas amid dollar demand

Rupee gains four paisas amid dollar demand

KARACHI: The Pak Rupee gained four paisas against dollar on Monday amid higher demand for import and corporate payments.

The rupee ended at Rs155.85 to the dollar from last Friday’s closing of Rs155.89 in interbank foreign exchange market.

Currency experts said that the rupee was under pressure during the day owing to higher demand for the greenback due to past two weekly holidays.

However, supply from workers’ remittances and export receipts helped the rupee to make gain at the end of the day.

The exchange rate in open market however witnessed stable rupee value. The buying and selling of dollar was recorded at Rs155.80/156.10, the same last Friday’s closing, in cash ready market.

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