Rupee gains two paisas against dollar

KARACHI: The Pak Rupee gained two paisas against the dollar on Wednesday amid higher demand for import and corporate payments.

The rupee ended Rs160.35 to the dollar from last day’s closing of Rs160.37 in the interbank foreign exchange market.

Currency dealers said that the local unit saw further recovery. They said that the market witnessed demand for import and corporate payments. However, supply of the foreign currency supported the local unit to make gain.

The dealers hoped that the rupee likely to make gain in coming days owing to inflows of workers’ remittances and export receipts.

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