Thursday, February 27, 2020

Rupee remains stable on slow USD demand

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Pak rupee ended at Rs138.83 to the dollar as compared with last day’s closing of Rs138.84 in interbank foreign exchange market.

The shrinking current account deficit helped the local currency to gain.

The greenback remained pressure free as the demand from importers and corporates was offset by remittances and export receipts.

Malik Bostan Khan, President, Forex Association of Pakistan (FAP) said buying and selling of dollar recorded at Rs138.80/Rs138.90 as against last closing of Rs138.80/Rs139.20 in cash free market.

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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