Rupee recovers 26 paisas in interbank

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KARACHI: The rupee recovered 26 paisas against dollar on Thursday owing to central bank warning against misuse of foreign currency accounts maintained by exporters.
The rupee ended Rs123.97 to the dollar from previous day’s close of Rs124.23 in interbank foreign exchange market.
The interbank foreign exchange market initiated in the range of Rs124.20 and Rs124.25. The market recorded day high of Rs124.20 and low of Rs123.97 and closed at Rs123.97.
In the open market the rupee also recovered by Re1 as buying and selling of dollar recorded at Rs121.50/122.50 from previous day’s closing of 122.50/123.50.

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