Sunday, May 22, 2022
spot_img

Rupee remains stable on slow USD demand

Advertisement

Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com

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.

- Advertisement -
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
- Advertisement -
- Advertisement -

Latest News

0
Would love your thoughts, please comment.x
()
x