Rupee strengthens by 10 paisas on dollar supply

Rupee strengthens by 10 paisas on dollar supply

KARACHI: The Pak rupee gained 10 paisas against the dollar on Wednesday owing sufficient supply of the foreign currency to meet demand for import and corporate payments.

The rupee ended Rs160.54 to the dollar from previous day’s closing of Rs160.64 in the interbank foreign exchange market.

Currency dealers said that the market witnessed sufficient supply of the greenback which was higher than the demand for import and corporate payments.

The dealers hoped that that improved economic indicators would help the rupee to make further gains in coming days.

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