Currency Rupee gains

The rupee gained on Tuesday against the greenback to close at 84.85 to the dollar, from Monday’s close of 85.18.


Express May 11, 2011

KARACHI: The rupee gained on Tuesday against the greenback to close at 84.85 to the dollar, from Monday’s close of 85.18.

The local currency strengthened as the dollar took a further decline in the global market.

The rupee has performed strongly in recent months due to a healthy inflow of remittances and record exports. It also hit an 11-month high last month.

Published in The Express Tribune, May 11th, 2011.

 

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