KARACHI – Pakistan rupee managed to recover slightly against the US dollar in the interbank market on Wednesday after three sessions of negative trajectory.
During intra-day trading, the local currency gained 54 paisas in value against the greenback. Data shared by forex dealers suggest dollar was currently hovering at Rs282.50.
On Tuesday, US Dollar delivered another blow to the Pakistani rupee and the embattled rupee moved down by as much as Rs3.78 against the USD.
PKR faced blows against the greenback for the third consecutive session despite foreign exchange inflows subsided.
More to follow…
