Sunday, September 25, 2022

Rupee sheds 5 paisas against US dollar


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 shed 5 paisas against US dollar to close at Rs152.30 on Wednesday compared with the last closing of Rs152.25 in inter-bank market.

The demand and supply situation in the market remained balanced as demand by importers and corporate sector was offset be export receipts and remittances.

Rupee gained 50 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 Rs152/Rs153 as against last closing of Rs152/Rs153.50 in the cash free market.

Read also:Pakistan: Rupee hits all-time low against USD

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