Pak rupee gains 24 paisas against greenback in interbank

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.