Rupee little changed.

KARACHI -- The rupee was little changed on Wednesday, amid steady import payments, currency dealers said. In the interbank market, the rupee closed at 154.94 against the greenback, compared with the previous closing of 154.95.

The local currency ended flat at 154.70 against the dollar in the open market. Dealers said the rupee inched up due to slowdown in the dollar demand from importers and corporates. The surge in foreign direct investment also lifted investors' sentiment.

Foreign direct investment into Pakistan rose $78.1 million to $850.1 million in July-November FY20.

The currency has gained slightly in the previous trading sessions on healthy foreign inflows and increased foreign exchange reserves and dealers said a falling current account deficit...