Rupee gains six paisas on improved economic indicators

Rupee gains six paisas on improved economic indicators

KARACHI: The Pak Rupee made gain six paisas against dollar on Friday owing to improved economic indicators.

The rupee ended Rs154.83 to the dollar from previous day’s closing of Rs154.89 in interbank foreign exchange.

Currency dealers said that inflows of export and remittances helped the rupee to make gain.

They said that improved economic indicators and declining import bill also helped the rupee to make gain.

The foreign currency market was initiated at Rs14.85 and Rs154.90. The market recorded day high of Rs154.87 and low of Rs154.82 and closed at Rs154.83.

The exchange rate in open market witnessed gain in rupee value. The buying and selling of dollar was recorded at Rs155.00/Rs155.40 from previous day’s closing of Rs155.30/Rs155.70 in cash ready market.