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Friday, November 22, 2024

Home Business Dollar slips to Rs154.62 as rupee gains 17 paisa

Dollar slips to Rs154.62 as rupee gains 17 paisa

by News desk
June 5, 2021
in Business

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Karachi

Pakistani rupee ended the losing streak against the US dollar after three days by gaining 17 paisas (+0.11 percent) against the greenback in the interbank on Friday.

According to the State Bank of Pakistan, the US dollar opened atRs154.79 and closed at Rs154.62. Within the open market, the US dollar was traded at Rs154.80-155.50. The local currency shed Rs0.19 against the greenback during this week.

However, the local unit has gained Rs13.43 against the greenback in the current fiscal year 2020-21 while appreciation has been Rs5.22 in 2021.

Currency experts said that the market witnessed inflows of export receipts and workers remittances that helped the local unit make gains. —TLTP