KARACHI: The Pak Rupee gained four paisas against dollar on Thursday owing to lower demand for import and corporate payments.
The rupee ended Rs154.21 to the dollar from previous day’s closing of Rs154.25 in interbank foreign exchange market.
Currency dealers said that due to fears of coronavirus and stuck up import consignments at the ports discouraged importers to buy the foreign currency.
Reportedly, huge number of consignments of China origin was stuck up at ports due to formalities attached to coronavirus threat.
The exchange rate in open market witnessed appreciation in rupee value. The buying and selling of the dollar recorded at Rs154.00/Rs154.30 as compared with previous day’s closing of Rs154.10/Rs154.40 in cash ready market.