Rupee gains seven paisas on inflows

KARACHI: The Pak Rupee gained seven paisas against dollar on Wednesday owing to inflows of export receipts and workers remittances, dealers said.

The rupee ended Rs154.78 to the dollar from previous day’s closing of Rs154.85 in interbank foreign exchange market.

The dealers said that the rupee was appreciated owing to inflows of export receipts and workers remittances. They said that improved economic indicators helped the rupee to gain.

The foreign currency market was initiated in the range of Rs154.85 and Rs154.89. The market recorded day high of Rs154.85 and low of Rs154.78 and closed at Rs154.78.

The exchange rate in open market witnessed stable rupee value. The buying and selling of the dollar was recorded at Rs154.70/Rs155.00, the same previous day’s level, in cash ready market.

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