US dollar strikes back against Pakistani rupee

By: News Desk      Published: 09:59 AM, 24 Nov, 2021
US dollar strikes back against Pakistani rupee
Representational image.

The US dollar on Wednesday scored a handsome gain of 74 paisas against the Pakistani rupee as the greenback closed the day on a negative note.

The US dollar suffered a loss of 50 paisas against Pakistani rupee in inter-bank trading at the start of business on Wednesday, reported 24NewsHD TV channel.

The greenback which ended Tuesday at Rs174.80 lost half a rupee in value and was trading at Rs174.30. A few hours later, the greenback roared back and gained 60 paisas in value against the Pakistani currency. Later, the US dollar closed its day trading at Rs175.04.

The dollar is on the receiving end ever since the International Monetary Fund (IMF) had announced the revival of fund facility programme for Pakistan.

Reporter Ashraf Khan