Rupee strengthens
KARACHI: The rupee managed to gain slightly against the dollar on Wednesday due to reduced dollar demand from importers, dealers said.
The rupee closed at 160.28/dollar, compared with Tuesday’s closing of 160.39 in the interbank market. It rose 11 paisas, or 0.07 percent, during the day.
The rupee ended at 160.35 against the dollar, compared with 160.60 in the previous session.
“The demand for the dollar from importers remained low heading into the new year,” a foreign exchange dealer said.
“We expect the rupee to remain stable, concluding the year’s last trading session at 160 per dollar,” he added.
The rupee has been stable versus the greenback due to persistent current account surplus, debt restructuring by the Paris Club, higher remittances, inflow in Roshan Digital Account and financial inflows from bilateral and multilateral sources, and rebound in exports.
-
Why Travis Kelce Says Taylor Swift Has Made Him 'so Much Better'? -
Halle Berry Credits This Hairstyle With Launching Her Acting Career -
Hailee Steinfeld Spills Her 'no-phone' Rule With Husband Josh Allen -
Bowen Yang Gets Honest About Post SNL Life: 'It’s An Adjustment' -
Charlize Theron Delivers Strong Message At 2026 Winter Olympics Opening Ceremony -
Lil Jon Reacts To Son Nathan Smith's Death: 'Devastated' -
Bianca Censori Reveals Where She And Kanye West Stand On Having Children Together -
Taylor Swift Hypes Olympic Athletes In Surprise Video Message -
Timothy Busfield Charged With Four Counts Of Child Sexual Abuse -
Amy Schumer Explains Why Her Sudden Photo Surge Is ‘not A Cry For Help’ -
Kanye West First Contacted Bianca Censori While In Marriage To Kim Kardashian? -
Travis Kelce Reveals What His Nieces Really Do When He, Taylor Swift Visit -
Lola Young Makes Career Announcement After Stepping Back From Touring -
Priyanka Chopra Shares Heartfelt Message For Nick Jonas -
Spotify, Major Labels File $13b Lawsuit Over Alleged Music Scraping -
Travis Kelce Opens Up About Being Backup Plan For His Nieces