The US dollar exchange rate rose 12 paisas on Tuesday clawing back some of its losses sustained during the last couple of days.

According to the State Bank of Pakistan, the value of the Pakistani rupee against the US dollar increased by 0.08% to Rs153.24 against the last closing of Rs153.36 in the interbank market.
Interbank closing #ExchangeRate for today:https://t.co/6VRUomRILI pic.twitter.com/03kKvjeXEq
— SBP (@StateBank_Pak) May 4, 2021
During the current financial year, the exchange rate fluctuated sharply and in August 2020 (FY 21), the rupee depreciated to its lowest level against the dollar, reaching Rs168.70 on August 20 last year.
The rupee then began to recover and has improved significantly against the US dollar over the past four months.
“The supply and demand position of dollars and the upcoming data on the country’s forex reserves will determine the future direction of the rupee. The rupee should conclude this week at Rs153.3 - 154.5 per dollar,” said a currency exchange dealer.
It is important to mention that the Pakistani Rupee appreciates when a lesser amount of rupees is required to get one USD whereas PKR depreciates when more rupees are required to get one greenback.
On Tuesday the prices of other currencies including the euro, pound, riyal, dirham:
Spinner Maharaj to return for South Africa against Pakistan
- 5 hours ago
Fitna al Hindustan top terrorist commander killed in Balochistan
- 5 hours ago

Our understanding of memory is all wrong
- 7 hours ago

Govt approves wheat policy; procurement set at Rs3,500 per 40kg
- 2 hours ago

Pakistan successfully launches first Hyperspectral Satellite
- 4 hours ago
Pakistan's JF-17 Block-III jets land in Azerbaijan for bilateral aerial exercises
- 5 hours ago

Pakistan, Afghanistan agree to ceasefire, long-term peace
- 4 hours ago

OpenAI suspends MLK deepfakes on Sora after ‘disrespectful’ videos
- 9 hours ago

Atari’s resurrecting the Intellivision, one of its biggest competitors in the ‘80s
- 9 hours ago

Interior Minister briefs PM on country's law and order situation
- 2 hours ago

Trump manages to disappoint nearly everyone with his new IVF plan
- 16 hours ago
Pakistan rejects ICC’s selective comment regarding Afghan cricketers' death in airstrike
- 2 hours ago