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ISLAMABAD

The Pak rupee maintained its supremacy against the US dollar in the currency exchange establishments of twin cities on Tuesday.

The local currency was plus by 5 paisa against the American unit as it opened with a comparatively weaker greenback at Rs 53.70 as compared to overnight value of Rs 53.75. The rupee did not observe marked change by the time traders called it a day and dollar was sold at Rs 53.80.

Money changers stated that market opened on a plus note due to the active participation of margin hunters and genuine sellers in the first session. The sentiment remained positive in second session and market finally closed on a healthy note.

They said that after several sessions, healthy activity was witnessed in the local kerb. Demand of ever-favourite greenback has been considerably increased in the market with expansion in overall turnover.

Pound sterling soared by 60 paisa against the rupee as it resumed trading at Rs 87.40 as compared to last rate of Rs 86.80. British currency moved between Rs 87.40 and Rs 87.50 and was sold at Rs 87.70. The change in the value of pound was due to its fluctuation in the international market.

UAE dirham opened at Rs 14.60 and was sold at Rs 14.65, Saudi riyal opened at Rs 14.25 and sellers were offering 5 paisas more at Rs 14.30.

German mark surged by 30 paisa as it started the day at Rs 28.10 as compared to overnight value of Rs 27.80. Mark remained higher in the local kerb and was sold at Rs 28.30 as compared to last rate of Rs 28.10.