Friday, February 28, 2020

Rupee gained 35 paisas against US dollar

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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 gained 35 paisas against US dollar to close at Rs151.95 on Thursday compared with the last closing of Rs152.30 in inter-bank market.
The demand and supply situation in the market remained balanced as demand by importers and corporate sector was  offset be export receipts and remittances.
Moreover, instructions to exchange companies not to sell dollar to hoarders eased the demand.
Rupee gained 50 paisas against dollar in the open market.
Malik Bostan Khan, President Forex Association of Pakistan said the buying and selling of US dollar was recorded at Rs151.80/Rs152.50 as against last closing of Rs152/Rs153 in the 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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