The rupee maintained its overnight levels against the dollar on Tuesday on insignificant demand, dealers said.
The rupee showed no change and traded flat at 115.61/dollar in the interbank market.
Dealers said no major development was witnessed during the day. However, investors welcomed the formation of a six-member federal caretaker government.
The rupee slightly weakened against the dollar on the buying counter in the open market. It closed at 118.40 for buying. However, the local unit ended unchanged at 118.80 for selling against the greenback.
Traders expect the rupee to gain next week due to expected increase in workers’ remittances ahead of Eid-ul-Fitr.
Systems Limited, IT and IT-enabled services provider, hosted US Ambassador to Pakistan Donald Blome on May 3, 2024....
The logo of the Telenor Microfinance Bank . — temenos websiteKARACHI: Telenor Microfinance Bank reported a strong...
Chief Executive TDAP Mr. Zubair Motiwala met with HE Dr. Bakheet Ateeq Al-Remaiti, Consul General of UAE, in Karachi...
A representational image of gold bangles. — AFP/FileKARACHI: Gold prices in the local market dropped by Rs1,400 per...
A person walks by a sign advertising employment at a fast-food restaurant in New York City. — AFP FileWASHINGTON:...
A woman takes pictures of the electronic board displaying data at the Pakistan Stock Exchange in Karachi, on December...