Tuesday, October 20, 2020

Rupee remains stable against USD

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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 shed one paisa to close at Rs138.34 on Thursday compared with the last closing of Rs138.33.
However, the rupee gained 10 paisa against greenback in the open market.
The rupee remained comfortable owing to lesser demand and inflows from friendly countries.
The demand from importers and corporate sector was met by remittances and export receipts.
President Forex Association of Pakistan, Malik Bostan Khan said that the buying and selling of US dollar was recorded at Rs137.80/Rs138.30 as against Rs138.00/Rs138.40 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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