Rupee makes gain of 15 paisas against dollar

Rupee makes gain of 15 paisas against dollar

KARACHI: The Pak Rupee gained 15 paisas against the dollar on Tuesday owing to improved supply of the foreign currency, dealers said.

The rupee ended Rs160.64 to the dollar from previous day’s close of Rs160.79 in interbank foreign exchange market.

The dealers said that the improved supply of the greenback helped the rupee to make gain.

They said that the positive sentiments prevailed following expectations of strong inflows of remittances during the coming months.

The ministry of finance in its report released on January 26, 2021 hoped that the inflows of remittances would remains strong to support financing the trade deficit.

However, the ministry was confident that the trade balance would remain under control during the current fiscal year.