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Pak Rupee ends firmer on lower dollar demand for imports

Pak Rupee ends firmer on lower dollar demand for imports

KARACHI: The Pak Rupee ended firmer against dollar on Wednesday amid static demand for import and corporate payments.

The rupee ended Rs141.40 to the dollar, the same previous day’s level, in interbank foreign exchange market.  The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40.

The market recorded day high of Rs141.40 and low of Rs141.39 and closed at Rs141.40. The currency experts said that the falling imports and narrowing trade deficit up to month of March 2019 had helped the rupee to maintain levels. In the open market the rupee further strengthened owing to inflows.

The buying and selling of dollar was recorded at Rs141.50/Rs142.00 from previous day’s closing of Rs141.70/Rs142.20 in cash ready market.