Pak Rupee is Strong against US Dollar at 11 Sept.

Pak Rupee is showing its strength against Us Dollar into the Interbank market, we have seen the Pak Rupee in Up trend throughout the week against US Dollar, Today Exchange Rates Rupee gained 10 Paisa against US Dollar for buying at 82.80 and selling at 82.85. This situation seems due to the Holy month Ramzan, as the month is going to its end Rupee is getting much stronger, as per the experts Pak Rupee Exchange rates will get more strength against US Dollar till Eid-Ul-Fitr,

OPEN MARKET RATES: The rupee for the third day held its overnight level in relation to dollar for buying and selling at 82.65 and 82.75.

This effect is also the on the desk of Rupee due to the increment of remittances as per the current month and last month’s figures , It has been recorded during August the remittance figure was $780.53 Million, In last fiscal year August 2008 the remittance was $592.30 Million, So as compare to the last year remittances increased up to $188.23 Million, this increment in percentage is 31.78%, As per experts that Rupee is getting good health inflows due to the increased level of remittances during last and current Month of Sept, 2009.

Source: forexkp.com