Pakistani Rupee gains Rs1 against US dollar
Dollar 3
The Pakistani rupee (PKR) has regained Rs1 in its value against the US dollar, bouncing back from State Bank of Pakistan’s (SBP) rate on Friday of Rs150.91 to Rs149.90 in the interbank market on Monday, reverting down from the Rs150 barrier.
Last week, Pakistani currency recovered after reaching the peak at Rs154 before falling back to Rs151.50 in the open market.
It also hit Rs151.95, and later closed at Rs150.91 against the US dollar in the inter-bank market on Friday.
Earlier, the central bank had let the rupee depreciate 7.5% to an all-time low of 151.95 against the greenback in a latest round of depreciation from May 16 to 20.
