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Pak rupee reaches Rs118.55 in open market

Pak rupee reaches Rs118.55 in open market

KARACHI: The Pakistani rupee on Thursday further depreciated against the US dollar in open market and remained firm in interbank.

As per the local money market, the dollar closed higher after adding 10 paisas for buying at 118 and for selling at 118.55 in open market. The US currency closed unchanged in interbank for buying at 115.50 and for selling at 115.70.

On Wednesday, the greenback gained 35 paisas in open market for buying at 117.90 and for selling at 118.45, while it remained unchanged in interbank for buying at 115.50 and for selling at 115.70.