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Pak rupee gains 35 paisas against US dollar owing to improved inflows

Pak rupee gains 35 paisas against US dollar owing to improved inflows

KARACHI: The Pak Rupee gained 35 paisas against dollar on Friday owing to improved inflows of export receipts and remittances.

The rupee ended Rs164.24 to the dollar from previous day’s closing of Rs164.59 in interbank foreign exchange market.

The rupee gained the value after losing around Rs1.30 against dollar during past four trading days.

Currency dealers said that the forex market witnessed improvement after inflows of foreign remittances and export receipts.

However, the dealers further said that the significant decline in foreign exchange reserves of the country also put pressure on demand side.