KARACHI – Pakistani rupee, which has been recovering after a major fall to a record low, continued its upward momentum on Wednesday against the dollar, appreciating nearly 0.85 percent in the inter-bank market.
During intra-day trading, the local currency hovered at 265.09 against the greenback, appreciating 0.85 percent in the inter-bank market.
Meanwhile, in the open market, the rupee was being traded at 266.4 against the dollar.
Experts attributed the rupee’s continued recovery to several factors, including the ongoing virtual talks and imposition of taxes which reportedly boosted confidence among investors.
Earlier, the Exchange Companies Association of Pakistan removed the cap on the greenback to end ‘artificial’ demand in the market, and the hot currency gained momentum in recent times.
Today s currency exchange rates in Pakistan – Dollar, Euro, Pound, Riyal rates on February 15, 2023
