Rupee gains 42 paisa against dollar

LAHORE- After days of devaluation, an upward trend was seen in the rupee appreciation against the US dollar after rupee gained 42 paisa against the dollar .

According to media reports, the dollar is being traded at Rs151.50 in the interbank market. Meanwhile, the Pakistan Stock Exchange (PSE) also shows a positive trend as the KSE 100-index has gained 900 points.

Pakistani rupee plunged to a new all-time low in the interbank and open market on Tuesday as it continued to lose value against the US dollar .

The greenback saw an increase of another Rs3 in the open market, touching an all-time high of Rs154.

In the interbank market, the rate increased to Rs152 after a rise of Rs2.35.

In the last four business days, the dollar has risen by Rs9.60 against the Pakistani rupee .