Currency: Rupee remains flat

KARACHI: The rupee remained flat at 86.15 on Monday, after it had gained slightly on Friday. Dealers said the local unit is expected to remain range-bound this week as both the demand and supply of dollar holds steady. The rupee hit a record low of 86.50 in May, but has since remained steady, largely due to increased remittances from Pakistanis working abroad.

Published in The Express Tribune, July 26^th, 2011.