Rupee strengthens by six paisas against dollar

Rupee strengthens by six paisas against dollar

KARACHI: The Pak Rupee made a gain of six paisas against the dollar on Friday owing to sufficient supply of the foreign currency during the day.

The rupee ended at Rs157.62 to the dollar as compared with last day’s closing of Rs157.68 in the interbank foreign exchange market.

Currency experts said that the rupee strengthened because a sufficient supply of the dollars in the shape of export receipts and workers’ remittances were seen during the day.

They said that the demand for the foreign currency remained high during the day due to corporate and import payments.