US dollar strikes back against Pakistani rupee

By: News Desk
Published: 04:43 PM, 1 Apr, 2021
Pakistani rupee
Caption: An image of US dollar.
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The US dollar has gained 54 paisas against Pakistani rupee and reached at Rs153.29 in the interbank market on Thursday after several days of hammering by the Pakistani currency, reported 24NewsHD TV channel.

The Pakistani currency gained 49 paisas on Wednesday compared to the previous close on the back of $499 million inflows from the International Monetary Fund (IMF) and a Eurobond issue of $2.5 billion. 

On Thursday, however, the euro increased 49 paisas in the interbank market and reached Rs179.89, according to the State Bank of Pakistan. 

On the other hand, the British pound gained 84 paisas and reached Rs 211.24 in the interbank market at the closing time. 

It may be recalled that the dollar hit a 22-month low of Rs151.50, last seen on June 11, 2019, before rebounding. The lowest trade reported so far today was at Rs151.75.