Sunday, January 19, 2020

Rupee sheds 08 paisas 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]
Pakistani rupee shed 08 paisas to close at Rs139.02 on Wednesday compared with the last closing of Rs138.94 in inter-bank market, as demand from importers and corporate sector surged.

A sense of uncertainty prevails in the market resulting in minor fluctuations in the rupee value.

The demand by the importers and corporate sector was offset by flow of remittances and export receipts.

However, rupee gained 10 paisas against dollar in the open market.

Malik Bostan Khan, President Forex Association of Pakistan said the buying and selling of US dollar was recorded at Rs138.60/Rs139.10 as against last closing of Rs138.50/Rs139.20 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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