KARACHI: The Pak Rupee gained three paisas against the dollar on Monday despite higher demand of the foreign currency for import and corporate payments.
The rupee ended Rs154.40 to the dollar from last Friday’s closing of Rs154.43 in the interbank foreign exchange market.
Currency experts said that due to first trading day the demand for the foreign currency was seen for import and corporate payments.
They, however, said that the issuance of green bonds and inflows of remittances and export receipts helped the rupee to make gain.
The experts hoped the rupee would make further gains in coming days due to positive sentiments related to foreign inflows and lower demand for import payments ahead of budget 2021/2022 announcement.
