Dollar hits four-months high to reach Rs158.53

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Karachi

The dollar hit exactly four-month high to rupee on Wednesday as the local currency depreciated by another 34 paisas(-0.21 percent) against the greenback in the inter-bank on Wednesday.

According to the State Bank of Pakistan, the US dollar opened atRs158.19 and closed at Rs158.53. Last time, the dollar was seen at Rs158.52 on February 23, 2021. Within the open market, the US dollar was traded at Rs158.50/159.

Pakistani rupee shed Rs1.64 against the US dollar during the last three days. However, the local unit has gained Rs10.51 against the greenback in the current fiscal year 2020-21 while appreciation has been Rs1.36 in 2021.

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