Saturday, February 22, 2020

Rupee remains stable in the open market

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Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

Pak rupee remained unchanged to close at Rs139.10 on Saturday compared with the last closing of Rs139.10 in cash free market, as demand and supply situation remained balanced.

 

A sense of uncertainty prevails in the market resulting in minor fluctuations in the rupee value.

However, the speculation over Saudi Crown Prince’s visit and the subsequent inflows in the shape of investment kept the local currency pressure free.

 

Malik Bostan Khan, President Forex Association of Pakistan said the buying and selling of US dollar was recorded at Rs138.60/Rs139.10 as against last closing of Rs138.60/Rs139.10 in cash free market.

Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

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