Rupee ends 160.60 against dollar in open market
In the inter-bank market, the greenback remained unchanged and was traded at Rs160.
KARACHI (Dunya News) – Rupee registered slight gains against the US dollar in the open market on Tuesday, as the price of dollar decreased by 20 paisas to close at Rs160.60.
In the inter-bank market, the greenback remained unchanged and was traded at Rs160.
The foreign currency market was initiated in the range of Rs160.35 and Rs160.50. The market recorded day high of Rs160.65 and low of Rs160.15 in interbank foreign exchange market.
Currency experts said that the local currency was under pressure due to scheduled payments for foreign debts and higher demand for import payments.
The exchange rate in open market witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs159.60/Rs160.60 from previous day’s closing of Rs160.20/Rs160.70 in cash ready market.
