KARACHI: The rupee firmed on Tuesday to close at 87.42/52 to the dollar, compared with Monday's close of 87.43/53 but dealers expect pressure on the rupee due to negative sentiment surrounding the country's economic outlook.
The rupee had some support from higher remittances from Pakistanis working overseas. According to official data, remittances rose 40.45 percent to $1.31 billion in August, compared with $933.06 million in the same period last year.
The rupee hit a record low of 87.59 on Friday.
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