Rupee recovers 2 paisa against dollar to end 4-day losing streak

rupee us dollar

The Pakistani rupee remained firm against the US dollar on Friday after depreciating for four days in a row and recovered two paisas (+0.01 percent).

According to the State Bank of Pakistan, the US dollar opened at Rs171.20 and closed at Rs171.18. Within the open market, the rupee was traded at Rs171/172 per dollar, showing a little improvement as it hit Rs172.50 a day earlier.

The Pakistani rupee shed Rs0.65 during this week against the US dollar, while depreciation during the fiscal year 2021-22 has been Rs13.76. The local unit has shed Rs10.91 against the US dollar in the current year 2021. The local currency has maintained a downtrend after it touched 22-month. —TLTP

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