ISLAMABAD – Pakistani Rupee may stabilise further against US dollar in theopen market.
The rupee lost its value during the outgoing week amid soft dollarsupplies, but dealers believe that the local currency could largely staystable in the coming week, *The Newslink onSunday.
The rupee closed at 154.90 against the greenback in the interbank market onMonday (Dec 23), compared with the previous closing of 154.89.
The rupee’s value remained the same the next day, with the currency closingat 154.89.
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The currency market was closed on Wednesday due to the Quaid-e-Azam Day andChristmas. On Thursday, the local unit came under renewed pressure due toof higher import payments. The rupee closed at 155.07 against thegreenback. On Friday, the local currency remained flat at 155.03 to thedollar.
In the open market, the rupee traded in the ranges of 154.90 and 155.20against the dollar in the outgoing week.
