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Pak rupee recovers 30 paisa against US dollar in interbank

Pak rupee recovers 30 paisa against US dollar in interbank

KARACHI: The Pakistani rupee on Wednesday further appreciated by 30 paisa against the US dollar and hit Rs159.75 in the interbank market.

In the open market, the local currency followed the similar trend and gained 40 paisa to hit Rs160 against the greenback.

Yesterday, the rupee appreciated by 40 paisa against the US dollar in the interbank market, and hit Rs160.05.

In the previous week, the Pakistani rupee depreciated by 39 paisa against the greenback and closed at Rs160.58 in the interbank market on Friday.

In the open market, the greenback with slight fluctuation in the whole previous week maintained its value around Rs160.70.

The rupee has been observed to cumulatively depreciate against the US dollar, which in turn has resulted in increased prices of goods and hardships for the general public.