The rupee managed to maintain its overnight levels against the dollar on Wednesday, owing to the persistent dull dollar demand, dealers said.
The rupee settled at 110.54 against the dollar, unchanged from the previous close in the interbank currency market.
Currency dealers said the domestic currency did not see any significant move. The market participants showed the lack of interest due to sluggish demand.
“The rupee was in a narrow-range. It hardly moved two to three paisas during the session,” a dealer at a major bank said. The rupee is expected to trade at 110.55 against the greenback during the remaining sessions of the week, dealers said. In the open market, the rupee remained range-bound because of equal supply and demand for the US currency in the market. The rupee traded at 111.80/dollar for buying and hovered at 112.20 for selling, Forex Association of Pakistan said.
Sheikh argued that the government should have maintained stable petroleum prices
MARI has successfully drilled and tested the third appraisal well in the Ghazij formation in the Mari D&PL
Gold rates decreased by $17 to $2,395 per ounce in the international market
Company's revenue saw a 13.9% year-on-year increase, reaching Rs49.2 billion, up from Rs43.19 billion in the same...
Power generation stood at 8,741 gigawatt-hours or 11,749 megawatts in March
Government is eager to provide an ecosystem to foreign and local IT companies and investors through policymaking