Rupee gains two paisas amid demand for dollar

Rupee gains two paisas amid demand for dollar

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

The rupee ended Rs160.09 against the dollar from previous day’s closing of Rs160.11 in the interbank foreign exchange market.

Currency dealers said that demand for the foreign currency was remained higher due to upcoming weekly holidays. However, inflows of export receipts and workers remittances helped the rupee to make gain.

Currency experts said that the rupee likely to make gain in coming days due to positive economic indicators.