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.
OpenAI cancels release of newest model due to safety concerns
- 21 گھنٹے قبل
Muse sure looks a lot like OpenClaw
- 8 گھنٹے قبل
Control Resonant gets tough, but gives you the tools to deal with it
- 8 گھنٹے قبل
Trump’s China reversal
- 6 گھنٹے قبل
Honor’s Magic 9 Pro Max has a big camera and a bigger battery
- 8 گھنٹے قبل
Trump’s taxpayer-funded propaganda blitz
- 6 گھنٹے قبل
Global financial institutions express confidence in Pakistan's economic reforms
- 16 گھنٹے قبل
This weather threat costs us billions. And it’s about to get worse.
- 6 گھنٹے قبل
Pakistan Army team successfully performs complex brain surgery in Gwadar
- ایک دن قبل
OpenAI agents hacked an Australian government website in search for data
- 8 گھنٹے قبل
Meta’s next VR device isn’t a headset — it’s glasses
- 8 گھنٹے قبل
Saudi Arabia resumes Yanbu oil loading after pipeline restart
- 16 گھنٹے قبل
