Rupee recovers 41 paisas against dollar

Rupee recovers 41 paisas against dollar

KARACHI: The Pak Rupee recovered 41 paisas against the dollar on Friday owing to improved inflows of workers’ remittances and export receipts.

The rupee ended at Rs154.43 to the dollar from previous day’s closing of Rs154.84 in the interbank foreign exchange market.

Currency experts said that the sufficient supply of the foreign currency was available during the day that helped the rupee to recover value.

They said that the rupee witnessed deterioration during past couple of days due to demand of the foreign currency for import payment.

They said that the rupee may make gain in coming days owing to inflows of the foreign currency.