Saturday, February 22, 2020

Rupee gains 12 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]

Pakistani rupee gained 12 paisas to close at Rs138.94 on Tuesday compared with the last closing of Rs139.60 in inter-bank market, as demand from importers and corporate sector eases.

 

After a 36 paisa decline a day earlier, the local currency adjusted

 

The demand by the importers and corporate sector was offset by flow of remittances and export receipts.  Rupee remained stable 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 Rs138.50/Rs139.20 as against last closing of Rs138.70/Rs139.20 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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