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Tuesday, November 5, 2024

Home Business Pakistani rupee’s upwards march against dollar continues amid strong economic cues

Pakistani rupee’s upwards march against dollar continues amid strong economic cues

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KARACHI – Pakistan has witnessed continuous rupee recovery and marked improvement in the stock market as positive economic indicators have shown results.

Data shared by the central bank shows rupee marching up against greenback for fourth successive session as PKR appreciated 0.07pc in the inter-bank market.

The local currency on Friday settled at 284.97, with an increase of Rs0.20.

US Dollar price in Pakistan

In open market, Pakistani rupee advanced its momentum against USD in open market, while local currency recorded improvement in inter-bank market.

USD to PKR

During the day, the currency was being quoted at 286 for selling and 283 for buying, and it settled at 286.50.

The stock market crossed 61,000 level amid jump of over 1,000 points during trading. The benchmark index was hovering at 61,592.00 level, moving up by 1060.73 points.