Rupee appreciates : vimarsana.com

Rupee appreciates


Rupee appreciates
July 27, 2021
KARACHI: The rupee posted gains on Monday on the back of higher inflows and slow demand for dollars, with dealers expecting the local unit to stay steady in the coming days.
In the interbank market, the rupee closed at 161.23 per dollar, up from 162.32 on Friday. It appreciated by Re1 or 0.68 percent. The rupee ended at 161.50 to the dollar, unchanged from the previous close in the open market.
“Dollar demand from importers was not higher today. Supplies were healthy so the rupee strengthened against the greenback,” said a foreign exchange dealer. “Inflows from remittances and export receipts started materialising, which supported the local unit.”

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