Rupee firms against dollar

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Rupee firms against dollar

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The rupee supported by remittances, which rose 20.2% to $10.88 billion in the first 10 months.

11 May,2012 09:35 pm

In the currency market, the Pakistani rupee ended almost flat at 90.86/90 to the dollar, compared to Thursdays close of 90.85/89.The rupee has been supported by remittances, which rose 20.2 percent to $10.88 billion in the first 10 months of the 2011/12 fiscal year, compared with $9.05 billion in the same period last year.In April, remittances totaled $1.14 billion.Overnight rates in the money market ended at 11.90 percent, the same level as Thursday.