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Pak Rupee ends flat in range bound trading

Pak Rupee ends flat in range bound trading

KARACHI: The Pak Rupee ended flat against dollar on Thursday owing to a range bound trading activity, forex dealers said.

The rupee ended 154.38 to the dollar from previous day’s closing of Rs154.37 in interbank foreign exchange market.

The dealers said that the market witnessed lackluster demand for dollars from importers and corporate buyers. Further, the inflows of export receipts and workers’ remittances were not sufficient to help the rupee to make gain.

The foreign currency market was initiated in the range of Rs154.38 and Rs154.42. The market recorded day high of Rs154.40 and low of Rs154.38 and closed at the same level.

The exchange rate in open market was remained unchanged. The buying and selling of the dollar was recorded at Rs154.20/Rs154.50, the same previous day’s closing, in cash ready market.