Rupee gains 24 paisa against dollar

cutting salaries of govt employees

Pakistani rupee gained 24 paisa against the US dollar and appreciated to 185.63 on Friday.

The State Bank of Pakistan said in a statement that the rupee opened at 185.87 against the US dollar in the interbank market and closed at 185.63 after gaining 0.13 percent. Within the open market, the rupee was traded at 185.50/187 per dollar against 185.40/186.90 a dollar a day earlier.

Overall, the rupee has gained Rs1.12 against the dollar during the last five days after shedding Rs5.20 last week. The rupee has depreciated by Rs28.20 against the US dollar during the ongoing fiscal year 2021-22 and Rs9.18 during the current year 2022.—TLTP