Rupee gains 42 paisas to brake dollar’s upsurge

Observer Report

Pakistan rupee snapped the losing streak against the US dollar after three straight sessions on Wednes-day and appreciated by Rs0.42 (+0.26 percent) in the interbank.

According to the State Bank of Pakistan, the US dollar opened at Rs163.89 and closed at Rs163.47. Within the open market, the rupee was traded at Rs163.20/164 per dollar.

Overall, Pakistani rupee has shed Rs1.04 against the US dollar during the last three days, while deprecia-tion during the fiscal year 2021-22 has been Rs6.11. The local unit has shed Rs3.38 against the US dollar in the current year 2021.The currency dealers said the market witnessed sufficient .

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