Dollar falls to Rs153.62 as rupee recovers 26 paisas

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Karachi

Pakistani rupee made a second back-to-back recovery of 26 paisas (+0.17 percent) against the US dollar in the interbank on Thursday, after facing depreciation in its value for seven consecutive sessions.

According to the State Bank of Pakistan, the US dollar opened at Rs153.88and closed at Rs153.62.

Within the open market, rupee was traded at 153/154 per dollar.

The rupee has gained Rs0.27 against the greenback during this week, while it has gained Rs14.43 against the greenback in fiscal year 2020-21 and appreciation has been Rs6.22 in the current year.

Currency experts said that the market remained optimistic owing to current account surplus during the first nine months of the current fiscal year.

Moreover, sentiments also improved owing to suspension of loan repayment by G-20 countries. —TLTP