Rupee strengthens for five consecutive trading days

Rupee strengthens for five consecutive trading days

KARACHI: The Pak Rupee strengthened against the dollar for five consecutive trading days on Thursday owing to improved inflows of export receipts and workers’ remittances.

The rupee made gain of 24 paisas to close at Rs159.07 to the dollar on Thursday from previous day’s closing of Rs159.31 in the interbank foreign exchange market.

The rupee was at Rs160.18 to the dollar on February 03, 2021. However, since last five trading days the rupee gained value of Rs1.11 against the dollar.

Currency experts said that improved inflows of export receipts and workers’ remittances helped the rupee to make gain against the foreign currency.

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