Rupee strengthens for four consecutive days; closes at Rs155.45

Rupee strengthens for four consecutive days; closes at Rs155.45

KARACHI: The Pak Rupee strengthened for the four consecutive days on Thursday owing to improved inflows and stable economic indicators.

The rupee gained 29 paisas to close at Rs155.45 to the dollar from the previous day’s closing of Rs155.74 in the interbank foreign exchange market.

The stable economic indicators and improved inflows of the foreign currency helped the rupee to make gain.

The rupee gained around Rs1.69 during the last four trading days. The exchange rate was at Rs157.14 to the dollar on March 12, 2021 and it was recorded at Rs155.45 on March 18, 2021.

Currency experts said that the improved inflows would help the local unit to further make gain.

They said that the third wave of coronavirus has also discouraged the importers to place new purchase orders.

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