KARACHI: The Pak Rupee recovered 13 paisas against dollar on Thursday owing to improved inflows of export receipts and workers remittances.
The rupee ended Rs166.21 to the dollar from previous day’s closing of Rs166.34 in interbank foreign exchange market.
Currency experts said that the rupee recovered owing to inflows of export receipts and workers’ remittances. They said that demand for import payment was remained in the market however the inflows helped the rupee to avoid losses.
The experts hoped the local currency likely to gain further in coming days owing to better economic conditions. They said that the initiative of launching dollar and rupee denomination bonds may attract overseas Pakistanis due to better rate of return.