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Pak rupee makes recovery in interbank, loses value in open market

Pak rupee makes recovery in interbank, loses value in open market

KARACHI: The Pakistani rupee on Tuesday made recovery against the US dollar in interbank but lost value in open market.

As per the local money market, the dollar lost 60 paisas in interbank for buying at Rs137.20 and for selling at Rs137.40, while it gained 50 paisas in open market for buying at Rs137.50 and for Re1 for selling at Rs139.

On Monday, the rupee picked up 45 paisas against the dollar in interbank for buying at Rs137.80 and it also rose by Rs1.25 for selling at Rs138. In open market, the rupee did not move any side versus the dollar for buying and selling at Rs137 and Rs138.