Wednesday, November 30, 2022

Pak Rupee sheds 20 paisas against US dollar


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 shed 20 paisas against US dollar to close at Rs139.50 on Saturday compared with the last closing of Rs139.30 in the cash free market, as the demand remained higher on the weekend.
A sense of uncertainty prevails in the market resulting in fluctuations in the rupee value.
 Flow of remittances and export receipts remained normal.
Malik Bostan Khan, President Forex Association of Pakistan said the buying and selling of US dollar was recorded at Rs139.00/Rs139.50 as against last closing of Rs138.80/Rs139.30 in cash free market.
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