Dollar slips to Rs170.54 as rupee extends recovery for fifth session


Pakistani rupee continued recovering against the US dollar in the inter-bank market for the fifth straight session on Tuesday with the local unit gaining 75 paisas (+0.44 percent) on prospects of resumption of $6 billion Extended Fund Facility by the International Monetary Fund (IMF).

According to the State Bank of Pakistan, the US dollar opened at Rs171.29 and closed at Rs170.54. Within the open market, the rupee was traded at 171/ 172.50 per dollar.— TLTP

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