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Dollar slightly strengthens against Pak rupee

The decline in foreign currency flows and remittances supported the greenback

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Dollar slightly strengthens against Pak rupee
GNN Media: Representational Photo

Karachi: The US dollar continued gaining value against the Pakistani rupee on second consecutive day on Thursday.

Lack of inflows and a decline in remittances were the factors that supported the the greenback.

According to the State Bank of Pakistan (SBP), the rupee closed at 218.38 after depreciating Rs0.05 or 0.23% against the dollar.

The local currency recorded its first depreciation on Wednesday in the past two weeks.

 

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