The Pakistani currency continued to recover against the US dollar in the interbank market on Wednesday.
The rupee gained 24 paisas against the greenback to settle at Rs175.48.
A day earlier, the rupee closed at Rs175.72 against the US currency after news regarding the Saudi package Pakistan expects to receive in the next few days.
Interbank closing #ExchangeRate for today:https://t.co/xz84zP3awD pic.twitter.com/3JmTzuURxH
— SBP (@StateBank_Pak) December 1, 2021
The rupee has maintained the downtrend for the past six months. It has lost 15.24% (or Rs23.21) to date, compared to the 22-month high of Rs152.27 recorded on May 14.
According to the central bank, wth a fresh increase of 0.14%, the rupee has depreciated by 11.38% (or Rs17.94) since the start of the current fiscal year on July 1, 2021.
Gold loses shine: Rates drop in Pakistan
- 7 hours ago
6.3-magnitude earthquake strikes Indonesia’s Papua region
- 5 hours ago
Mehak Ali mesmerizes audience at 'Sang e Mehak' concert
- 8 hours ago
Fake TikTok Shops tied to malware campaign targeting crypto users
- 7 hours ago
NIH confirms presence of poliovirus in 36pc samples across 87 districts
- 3 hours ago
Here is today's gold price in Pakistan
- 4 hours ago
Green Shirts opt to bowl after winning toss against West Indies
- 2 hours ago
Local holiday declared on August 13
- 5 hours ago
Rain likely in parts of Pakistan today
- 6 hours ago
Video of Sindh Governor’s performance at Atif Aslam’s show goes viral
- 6 hours ago
Renowned singer Atif Aslam’s father Muhammad Aslam passes away
- 5 hours ago
Football star Ronaldo engaged to Georgina after nearly a decade
- 7 hours ago
