Rupee remains unchanged for eighth consecutive trading day

KARACHI: The Pak Rupee remained unchanged against dollar for eighth consecutive trading day on Wednesday amid lackluster demand for import and corporate payments.
The rupee ended Rs141.40 to the dollar, the same last day’s closing, in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40.
The market recorded day high of Rs141.40 and low of Rs141.39 and closed at Rs141.40.
Currency experts said that the traders were cautious about purchasing dollars over uncertainty about the future of exchange rate.
The exchange rate in open market ended with gain by the local currency.
The buying and selling of dollar was recorded at Rs141.50/Rs142.00 as compared with previous day’s closing of Rs141.70/Rs142.20 in cash ready market.
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