Rupee recovers six paisas on inflows of export receipts

Rupee recovers six paisas on inflows of export receipts

KARACHI: The Pak Rupee recovered six paisas against dollar on Tuesday owing to inflows of exports and remittances, dealers said.

The rupee ended Rs154.95 against dollar from previous day’s closing of Rs155.01 in interbank foreign exchange market.

The dealers said that the rupee was under pressure earlier in the day due to demand for import and corporate payments. However, the rupee managed to recover on inflows of exports and remittances.

The foreign currency market was initiated in the range of Rs155.00 and Rs155.05. The market recorded day high of Rs155.05 and low of Rs154.95 and closed at Rs154.95.

The exchange rate in open marked witnessed no change in rupee value. The buying and selling of dollar was recorded at Rs154.40/Rs154.70, same as the previous day’s closing, in cash ready market.

Leave a Reply

You have to agree to the comment policy.