The Pakistani rupee has struck back and gained 94 paisas against the US dollar after the intervention of the State Bank of Pakistan (SBP) for the second day on Thursday, reported 24NewsHD TV channel.
In the inter-bank trading, the rupee quickly gained 94 paisas and later built the gain to Rs1.52 and then again dropped bringing the dollar from Rs169.12, the previous day’s closing, to Rs168.18.
Experts were of the view that there was still a demand for the dollar which was the reason for its soaring price which touched the all-time high of Rs169.60 after which the State Bank had to intervene to slow it down.
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Reporter Ashraf Khan