Dollar falls to Rs153.45 as rupee consolidates gains

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Observer Report
Karachi

Pakistani rupee continued its winning streak against the US dollar for the third straight day in the interbank on Friday and made a recovery of 17 paisas (+0.11 percent).

According to the State Bank of Pakistan, the US dollar opened at Rs153.62and closed at Rs153.45. Within the open market, rupee was traded at 153.50/154.50 per dollar.

The rupee has gained Rs0.42 against the greenback during this week, while it has gained Rs14.60 against the greenback in fiscal year 2020-21 and appreciation has been Rs6.39 in the current year.

Currency experts said that the rupee made further recovery despite demand for dollars remaining high due to import and corporate payments.—TLTP

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