Rupee strengthens against US dollar

KARACHI: The Pakistani rupee appreciated 9 paisas against the United States (US) dollar on the first day of week’s trading in the interbank currency market on Monday.

According to the State Bank of Pakistan (SBP), the local currency closed at Rs153.36 against the greenback, registering appreciation of 9 paisas (0.06%) over the previous close of Rs153.45.

Interbank closing #ExchangeRate for today:https://t.co/fubTM9SqPs pic.twitter.com/P3bw5A1bZs

— SBP (@StateBank_Pak) May 3, 2021

On April 28, the rupee had appreciated to 152.95 against the dollar, hitting a 22-month high.

The rupee has recovered more than Rs15 during the last seven months since it touched an all-time low of Rs168.43 last year in August.

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