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Pak Rupee strengthens by 29 paisas against USD on inflows

Pak Rupee strengthens by 29 paisas against USD on inflows

KARACHI: The Pak Rupee strengthened by 29 paisas against the dollar on Thursday owing to reports of growth in exports of the country.

The rupee ended Rs160.17 to the dollar from previous day’s closing of Rs160.46 in the interbank foreign exchange market.

Currency dealers said that the market witnessed supply of the foreign currency that was more than the demand for import and corporate payments.

They said that reportedly exports were had maintained over $2 billion value in November 2020.

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