Rupee gains two paisas amid foreign inflow hopes

byCT Report

12/02/2019

in Latest News, Markets, Stock Exchange

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KARACHI: Pak Rupee gained two paisas against US dollar on Tuesday as market anticipated foreign inflows.

The rupee ended Rs138.92 to the dollar from previous day’s close of Rs138.94 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs138.90 and Rs138.95. The market recorded day high of Rs138.94 and low of Rs138.88 and closed at Rs138.92.

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Currency experts said that market was hoping improving inflows owing to the upcoming visit of Saudi Crown Prince scheduled for February 16, 2019. The exchange rate, however, changed in the open market.

The buying and selling of dollar was recorded at Rs138.70/Rs139.20 from previous day’s close of Rs138.50/Rs139.20 in cash free market.

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