Rupee comes to a flat close against dollar
KARACHI: The rupee ended almost flat at 90.80/85 to the dollar, compared to Tuesday's close of 90.82/88. The rupee has been supported by remittances, which rose 21.45 percent to $9.73 billion in the...
May 09, 2012
The rupee has been supported by remittances, which rose 21.45 percent to $9.73 billion in the first nine months of the 2011/12 fiscal year, compared with $8.02 billion in the same period last year.
In March, remittances totalled $1.14 billion.
Overnight rates in the money market ended lower at 9.10 percent, down from Tuesday's close of 11.25 percent, because of increased liquidity in the market. (Reuters)
