Rupee strengthens 44 paisas against dollar

Rupee strengthens 44 paisas against dollar

KARACHI: The Pak Rupee gained 44 paisas against the dollar on Thursday despite demand for import payments ahead of extended Eid holidays.

The rupee ended Rs152.60 to the dollar from last day’s closing of Rs153.04 in the interbank foreign exchange market.

Currency experts said that demand for dollar was remained in the market due to extended holidays for Eid ul Fitr announced by the government. The government announced Eid holidays from May 10 to May 15, 2021.

However, they said that inflows of Eid related remittances and export receipts helped the rupee to make gain.

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