Rupee makes slight gain amid high dollar demand

KARACHI: The Pak Rupee made slight gain against dollar on Tuesday amid higher demand for import and corporate payments, dealers said.

The rupee ended Rs154.42 to the dollar from previous day’s closing of Rs154.43 in interbank foreign exchange market.

The dealers said that the demand for the greenback was remained high for import and corporate payments. However, inflows of export receipts and workers’ remittances helped the rupee to make slight gain against the dollar.

The foreign currency market was initiated in the range of Rs154.50 and Rs154.55. The market recorded day high of Rs154.50 and low of Rs154.40 and closed at Rs154.52.

The exchange rate in open market witnessed no change in rupee value. The buying and selling of the dollar was recorded at Rs154.30/Rs154.60, the same previous day’s closing level, in cash ready market.

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