Thursday, May 6, 2021

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]
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Pak rupee held its ground against the US dollar and gained 02 paisas to close at Rs138.33 on Wednesday 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 of Pakistan, Malik Bostan Khan said that the buying and selling of US dollar was recorded at Rs138.00/Rs138.40 as against Rs137.80/Rs138.30 in cash free market.
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