close
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

Rupee strengthens

Business

May 5, 2021

KARACHI: Rupee gained 12 paisas against the dollar on Tuesday, owing to inflows of workers’ remittances and export receipts.

The local currency closed at Rs153.24 against the greenback from the previous day’s closing of Rs153.36 in the interbank foreign exchange market.

Currency experts said the rupee was appreciating due to inflows of Eid-related remittances. They said overseas Pakistanis usually send money to their relatives for Eid celebrations.

In the open market, the greenback lost 10 paisas against the rupee and trading around Rs153.80 to a dollar.