Rupee gains nine paisas on foreign inflows in debt market

KARACHI: The Pak Rupee gained nine paisas against dollar on Friday owing to significant foreign inflows in debt market, dealers said.

The rupee ended Rs154.57 to the dollar as compared with previous day’s closing of Rs154.66 in interbank foreign exchange market.

The dealers said that the debt market witnessed record single day investment.

The debt market witnessed investment of $536 million in treasury bills on Friday.

The market was initiated in the range of Rs154.57 and Rs154.62. The market recorded day high of Rs154.62 and low of Rs154.56 and closed at Rs154.57.

The exchange rates in open market also witnessed appreciation in rupee value.

The buying and selling of dollar at Rs154.50/Rs154.80 from previous day’s closing of Rs154.60/Rs154.90 in cash ready market.

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