Rupee strengthens by 28 paisas against dollar

Rupee strengthens by 28 paisas against dollar

KARACHI: The Pak Rupee strengthened by 28 paisas against the dollar on Thursday owing to improved foreign inflows of workers’ remittances and export receipts.

The rupee ended Rs160.11 against the dollar from previous day’s closing of Rs160.39 in the interbank foreign exchange market.

Currency dealers said that improved inflows of workers remittances and export receipts helped the rupee to make gain.

Besides, the lower demand for import and corporate payments due to rising coronavirus cases around the world also helped the rupee to appreciate.