Rupee ended firm against the US dollar in the currency market on Friday amid slowdown in foreign exchange demand, dealers said.
Rupee closed unchanged at 115.61/dollar in the interbank market. Dealers said the domestic currency remained stable on dull dollar demand from importers.
In the open market, rupee also ended firm at 117.40 for buying and 117.70 for selling.
“The kerb market has come back to normalcy after witnessing a volatile trade on Thursday due to improvement in supply of greenback,” Malik Bostan, president of Forex Association of Pakistan said.
“We’ve increased dollar supply to the market, which eased pressure on the exchange rate.”
Bostan foresees the rupee to be remain-range bound over the course of next week due to stable supply and demand of the dollars in the open market.
The image shows a poster of Syngenta Pakistan's 'CropWise Grower' mobile application. — Syngenta...
The undated image shows the name of the Bank of Punjab written on one its branches. — APP FileKARACHI: The Bank of...
ABHI, a financial technology company, partners with Soorty Enterprises. — Facebook/ProPakistaniKARACHI: ABHI, a...
This representational image shows Gold bars. — AFP/FileKARACHI: Gold prices in the local market dropped by Rs1,600...
A currency exchange dealer counting $100 bills. — AFP/FileAs any old-school currencies trader will tell you: buy...
A Pakistan International Airline aircraft takes off in this undated picture. — Radio Pakistan/FileLAHORE: We have...
