The local unit closes at 238.38 in interbank


Karachi: The local unit continued to register gains against the US dollar for the third consecutive session in the interbank market on Tuesday.
Analysts attributed the rupee’s recovery with the International Monetary Fund’s (IMF) statement that Pakistan had completed all prior actions required for the review of the Extended Fund Faclity (EFF).
The greenback started losing ground on Friday after the rupee dipped for 10 straight sessions during the last days of July and depreciated around 5 per cent just last week.
Interbank closing #ExchangeRate for todayhttps://t.co/ePL873DK8O pic.twitter.com/alH8W1J17j
— SBP (@StateBank_Pak) August 2, 2022
At the close of Tuesday's interbank trade, the rupee registered another meagre gain of Rs0.46 or 0.19% and reached 238.38, up from 238.84 in the last trading session.
On the other hand, the currency value remained unchanged at 241 in the open market.

Remote-controlled bomb attack kills 5 near Turbat, Balochistan
- 2 hours ago

FIFA receives 1.5 million requests in 24 hours for WC tickets
- 2 hours ago

Ukraine launches massive drone attack on Russia
- an hour ago
PCB suspends official over inaction in sportsmanship row during Pak-India match
- an hour ago
Lady doctor commits suicide in Karachi after marital dispute
- an hour ago

Dengue threat looms: Karachi, Lahore, Islamabad among high-risk cities
- 2 hours ago

Booed by own fans, Arch says he must improve
- 31 minutes ago
Owen Cooper makes Emmy history as youngest winner at 15 for ‘Adolescence’ role
- 18 minutes ago
Imaan Mazari files harassment complaint against IHC Chief Justice
- an hour ago

Pakistan Business Forum urges govt to take concrete steps for agriculture sector
- 8 minutes ago
Pakistan won't play any more Asia Cup matches if match referee isn't replaced: PCB
- 38 minutes ago
Tragedy in Nigeria: Wedding bus plunges into river, 19 women and children dead
- 2 hours ago