KARACHI: The Pak Rupee gained seven paisas against dollar on Wednesday owing to lower import and corporate demand, dealers said.
The rupee ended Rs154.22 to the dollar from previous day’s closing of Rs154.29 in interbank foreign exchange market.
The currency dealers said that lackluster demand was seen from importer and corporate buyers for the dollar.
The said that due to coronavirus threat, which spread in many countries, many states imposed restrictions imports from those countries where infections had been detected.
Certain checks have also been imposed by the government on imports from such countries particularly from China, which is the center-point of this epidemic.
The exchange rate in open market witnessed no change in rupee value. The buying and selling of dollar was recorded at Rs154.00/Rs154.30, the same previous day’s closing, in cash ready market.