KARACHI: The Pakistani rupee strengthened by 46 paisa against the United States (US) dollar in the inter-bank currency market on Wednesday.
According to the State Bank of Pakistan (SBP), the local unit closed at Rs155.39 against the greenback as compared to Monday’s closing of Rs155.85.
Interbank closing #ExchangeRate for today: https://t.co/jsdiVi4LuQ pic.twitter.com/rnvYwGC0i4
— SBP (@StateBank_Pak) March 24, 2021
The local currency has gained considerable ground on the back of improved foreign exchange reserves, current account surplus, higher remittances besides less demand of dollar due to the ongoing pandemic.
The rupee has recovered more than Rs12 during the last seven months since it touched an all-time low of Rs168.43 last year in August.
The post Rupee strengthens against US dollar appeared first on ARY NEWS.
from Business – ARY NEWS https://ift.tt/2P6hYEx
via Google Class
