KARACHI – Pakistani rupee maintained its positive momentum against the US dollar in the interbank on Tuesday as authorities tightened noose against the hoarding and currency smuggling.
In the positive 19th consecutive session in interbank, the local currency moved up by Rs1.04 against the against the greenback to close at Rs285.72.
The foreign currency also witnessed downward trend in the open market where it dropped to Rs286 after losing 50 paisas against the dollar.
In the previous session, the local unit strengthened against the greenback, and settled at Rs286.76 after an increase of 98 paisas.
Amid economic recovery, Pakistan Stock Exchange opened on positive note on Monday and benchmark KSE-100 Index gained 400 points. Buying was at peak with index-heavy sectors, including oil and gas exploration companies, OMCs, and technology & communication trading in the green.
Saudi Riyal to Pakistani Rupee – SAR to PKR Rate – 3 October 2023
