Rupee gains 53 paise in interbank trade

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Rupee US dollar

 

The rupee continued to recover in the interbank market on Monday, gaining 87 paise against the dollar in early trade.

The rupee, which had closed at 239.37 last week, was being traded at 238.50 around 10am, according to Mettis Global, a web-based financial data and analytics portal.

According to the State Bank of Pakistan (SBP), the local currency eventually closed at 238.84, up 53 paise or 0.22 per cent, compared to Sunday.

Meanwhile, the PKR gained Rs7 against the dollar in the open market and was traded at Rs240 around 3:45pm, according to the Forex Association of Pakistan (FAP).

 

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