Tuesday, November 19, 2019
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PakistanPK-Economy

Rupee remains stable against USD

Zain Zubair
By Zain Zubair
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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 held its ground against the US dollar to close at Rs138.35 on Monday compared with the last closing of Rs138.35.

 

The rupee remained comfortable owing to lesser demand and inflows from friendly countries, which lifted market sentiments

 

The demand from importers and corporate sector was met by remittances and export receipts.

 

President Forex Association, Malik Bostan Khan said that the buying and selling of US dollar was recorded at Rs138.00/Rs138.40 as against Rs138.00/Rs138.50 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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