Pakistani rupee recovers some value against US dollar
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The greenback in the previous trading session posted a handsome gain against the Pakistani rupee and ended Tuesday on Rs176.18 gaining 26 paisas.
On Tuesday, as per the State Bank of Pakistan (SBP), the US dollar gained 26 paisas against the Pakistani rupee. The previous close of the US dollar was Rs175.92 and after an increase of 26 paisas it reached and closed Rs176.18.
With a fresh rise of 0.23 percent, the rupee had depreciated by 11.86% (or Rs18.69) since the start of the current fiscal year on July 1, 2021, data released by the central bank revealed.