Rupee remains unchanged for sixth straight trading day

KARACHI: The Pak Rupee remained unchanged against dollar for sixth straight trading day on Monday amid lackluster demand for import and corporate payments.
The rupee ended Rs141.40 to the dollar, the same last Friday’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 a high of Rs141.40 and low of Rs141.40 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 Rs141.80/Rs142.30 as compared with last Saturday’s closing of Rs142.00/Rs142.50 in cash ready market.
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