Rupee ends almost flat at 90.86/91 to dollar

KARACHI: In the currency market, the rupee ended almost flat at 90.86/91 to the dollar, compared with Tuesday's close of 90.83/88.

The rupee has been supported by remittances, which rose 20.2 percent to $10.88 billion in the first 10 months of the 2011/12fiscal year, compared with $9.05 billion in the same period last year.

In April, remittances totalled $1.14 billion.

Overnight rates in the money market ended at 11.90 percent, the same level as on Tuesday. (Reuters)