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Home Business Rupee surges Rs1.04 against US dollar as recovery continues

Rupee surges Rs1.04 against US dollar as recovery continues

Buying and selling rates of dollar in the open market stood at Rs295.6 and Rs 298.5 respectively

by NWMNewsDesk
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Pakistani rupee on Tuesday witnessed the 11th consecutive recovery session as it gained Rs1.04 against the US dollar in the interbank trading and closed at Rs 294.90 against the previous day’s closing of Rs 295.94.

The recovery of the Pakistani rupee comes on the back of strong support from administrative measures like a crackdown on currency smugglers and hoarders.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 295.6 and Rs 298.5 respectively.

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The price of the Euro decreased by 34 paisa to close at Rs315.28 against the last day’s closing of Rs 315.62, according to the State Bank of Pakistan (SBP)

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