Rupee ends almost flat against US dollar

KARACHI: In the currency market, Tuesday, the rupee ended almost flat at 90.68/73 to the dollar, compared with Monday's close of 90.67/69.

The rupee has been supported recently by remittances from Pakistanis overseas, 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.

Overnight rates in the money market rose to 11.90 percent, compared with Monday's close of 9.10 percent, because of a lack of liquidity in the interbank market. (Reuters)