Rupee makes 11 paisas gain on improved inflows

Rupee makes 11 paisas gain on improved inflows

KARACHI: The Pak Rupee strengthened by 11 paisas against the dollar on Wednesday owing to improved inflows of workers’ remittances and export receipts.

The rupee ended Rs160.28 to the dollar from previous day’s closing of Rs160.39 in the interbank foreign exchange market.

Currency dealers said that market had witnessed sufficient supply of the greenback during the day and it helped the rupee to make gain.

They said that the demand of the foreign currency for import and corporate was remained high during the day however the strong supply had offset the demand.