Rupee’s Recovery Persists: Gains Rs1.04 Against US Dollar

On Tuesday, the Pakistani Rupee extended its impressive streak with an 11th consecutive recovery session, gaining Rs1.04 against the US dollar in interbank trading. It closed at Rs 294.90, a positive shift from the previous day’s closing rate of Rs 295.94.

In contrast, as reported by the Forex Association of Pakistan (FAP), the open market saw the dollar’s buying and selling rates at Rs 295.6 and Rs 298.5, respectively.

Furthermore, the Euro experienced a dip of 34 paisa, concluding at Rs 315.28, as per the State Bank of Pakistan (SBP).

The Japanese Yen saw a minimal decrease of 01 paisa, settling at Rs 1.99. Meanwhile, the British Pound registered a notable decrease of Rs 1.09, trading at Rs 365.32 compared to the previous closing rate of Rs 366.41.

Lastly, the exchange rates of the Emirates Dirham and the Saudi Riyal both witnessed declines of 28 and 27 paisa, respectively, closing at Rs 80.29 and Rs 78.62.