Rupee makes 17 paisas gain against dollar

Rupee makes 17 paisas gain against dollar

KARACHI: The Pak Rupee made a gain of 17 paisas against the dollar on Friday owing to improved external position of the country.

The rupee ended Rs153.45 to the dollar from previous day’s closing of Rs153.62 in the interbank foreign exchange market.

Currency experts said that the rupee further made recovery despite dollar demand for import and corporate payments.

They said that the rupee likely to maintain its recovery against the greenback owing to strong external position such as: current account surplus, improved workers’ remittances and export receipts.