KARACHI: The Pak Rupee gained three paisas against the dollar on Tuesday owing to improved sentiments after reports of current account surplus during the first five months.
The rupee ended Rs160.68 to the dollar from the previous day’s closing of Rs168.71 in the interbank foreign exchange market.
Currency dealers said that the market remained positive due to reports of current account surplus as shown in Balance of Payment for the period July – November of fiscal year 2020/2021.
The current account posted $1.64 billion surplus for the first five months of the current fiscal year as compared with a current account deficit of $1.74 billion in the corresponding period of the last fiscal year.
The dealer said that the new type of coronavirus detected in the UK also spread fears across the globe. The importers are also cautious in making new orders amid the discovery of new type of the COVID.
The currency experts hoped that the local unit would make gains in coming days despite year ending owing to improved economic indicators.
