Currency: Rupee remains flat
The rupee remained flat at 86.15 on Monday, after it had gained slightly on Friday.
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 26th, 2011.
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 26th, 2011.