ISLAMABAD: Pakistani rupee further rose in terms of value against the US dollar on the second consecutive day Wednesday as it traded at around 315 against the US Dollar in the open market.
Meaning thereby Dollar went down by 18 rupees in two sessions; Tuesday and Wednesday, in the open market. The Pakistani rupee made significant recovery against the US dollar in the open-market, and traded at 325 on Tuesday, narrowing the inter-bank-open market gap.
However, in the inter-bank market, the rupee remained under pressure and settled at a record low of 307.1 against the US dollar.
Dealers attribute the halt in currency’s fall in the open market to the Chief of Army Staff recent meetup with the business community.
