Tuesday, June 25, 2024

Strong Pakistani rupee appreciates by Rs.1, reached 216.9 against US Dollar

The Pakistani rupee continued its rally against the US dollar, extending its gains in the interbank market for the 13th consecutive session on Tuesday. According to Forex Association of Pakistan (FAP), the dollar was being traded at Rs216.98, with the rupee appreciating Rs1. The banks were selling the greenback at Rs217.30. In open market, the dollar was being traded between Rs216 to Rs218.

For the 12th consecutive session, Pakistan’s rupee strengthened against the US dollar. On Monday, the interbank market appreciated by roughly 0.9%. As per the State Bank of Pakistan (SBP), the rupee closed at 217.97 after appreciating Rs1.95 or 0.89%. In the last twelve trading sessions, the rupee has cumulatively appreciated Rs21.73 or 10%.

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