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Pak Rupee further gains by 20 paisa against US dollar

Pak Rupee further gains by 20 paisa against US dollar

KARACHI: The Pakistani rupee on Tuesday further appreciated by 20 paisa against the US dollar in the interbank market, and hit Rs160.25 during early trade hours.

In the open market, the local currency followed the similar trend and gained 20 paisa and hit Rs160.50 against the greenback.

Yesterday, the rupee appreciated by 13 paisa against the US dollar in the interbank market, and hit Rs160.45.

In the previous week, the Pakistani rupee depreciated by 39 paisa against the greenback and closed at Rs160.58 in the interbank market on Friday.

In the open market, the greenback with slight fluctuation in the whole previous week maintained its value around Rs160.70.

The rupee has been observed to cumulatively depreciate against the US dollar, which in turn has resulted in increased prices of goods and hardships for the general public.