thenews.com.pk 18 Sep, 2020 05:30 am

Rupee ends up

Rupee ends up
KARACHI: The rupee rose marginally against the dollar in the interbank market on Thursday because of the lack of import payments, dealers said.The rupee closed at 166.21 against the dollar, up from...

Business September 18, 2020 KARACHI: The rupee rose marginally against the dollar in the interbank market on Thursday because of the lack of import payments, dealers said.Dealers said slowdown in the dollar demand from importers, healthy supplies and positive sentiment helped the domestic currency appreciate during the day.”Market sentiment remained bullish ahead of the central bank’s monetary policy announcement on Monday.“We expect the rupee to stay stable against the dollar in the sessions ahead.

The State Bank of Pakistan (SBP) is expected to keep the policy rate at 7 percent.21 against the dollar, up from Wednesday’s closing of 166.

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