Rupee gains three paisas on foreign inflows

Rupee gains three paisas on foreign inflows

KARACHI: The Pak Rupee gained three paisas against dollar on Friday owing to inflows of export receipts and foreign remittances, dealers said.

The rupee closed at Rs155.39 to the dollar from previous day’s closing of Rs155.42 in interbank foreign exchange market.

The dealers said that foreign inflows and export receipts helped the local unit to appreciate early in the day. However, demand for the greenback for import payments due to next two weekly holidays restricted the rupee appreciation to three paisas.

The foreign currency market was initiated in the range of Rs155.35 and Rs155.39. The market recorded day high of Rs155.47 and low of Rs155.39 and closed at Rs155.39.

The exchange rate in open market witnessed slight change in rupee value. The buying and selling of the dollar was recorded at Rs155.20/Rs155.50 from previous day’s closing of Rs155.20/Rs155.40 in cash ready market.

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